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| Carriage House I, 2701 Northeast 7th Street, Ocala, FL |
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| Michael Donaldson |
OCALA, FL – Marcus & Millichap Real Estate Investment
Services, the nation’s largest real estate investment services firm, has
announced the sale of Carriage House I and II, a 202-unit apartment
property located in Ocala, Fla., according to Richard D. Matricaria, regional
manager of the firm’s Tampa office. The asset sold for $7,676,000.
Michael Donaldson and Nicholas Meoli, senior
associates in the Tampa, Fla. office of Marcus & Millichap had the
exclusive listing to market the property on behalf of the seller, a limited
liability company based in West Palm Beach.
The local buyer, a limited liability company, was also secured by
Donaldson and Meoli.
Carriage House I and II consists of two multifamily
properties located less than a quarter-mile from each other at 2701 Northeast
7th Street in Ocala, Fla. Carriage
House I was constructed in 2004 and is comprised of 130 units and Carriage
House II was constructed in 2003 and has 72 units.
The unit mix consists of 39 one-bedroom/one-bathroom units;
87 two-bedroom/one-and-a-half bathroom townhouse units and 76
three-bedroom/two-bathroom units. Property amenities include two sparkling
swimming pools, a leasing office, washer and dryer connections in all units,
and garages in all one-bedroom units.
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| Nicholas Meoli |
"Although Carriage House was located in a tertiary
market, we were able to generate tremendous interest, procuring 14 offers in 30
days from domestic and international investors," said Donaldson in a
statement.
"Due to the desirable attributes of the property, such
as the 2003-2004 construction, low price per square foot, and a unit mix
consisting of a majority of two and three-bedroom townhomes, we ultimately sold
the property at full asking price," adds Meoli.
For a complete copy of the company’s new release, please
contact:
Richard D. Matricaria
Regional Manager
Tampa, FL
(813) 387-4700
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