Wednesday, November 6, 2013

Marcus & Millichap Arranges Sale of Spanish Oaks Apartments in Tallahassee, FL for $5.2 Million

  
Spanish Oaks Apartments, 1327 High Road, Tallahassee, FL


Francesco 'Frank'
Carriera
 TALLAHASSEE, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Spanish Oaks Apartments, a 134-unit apartment property located in Tallahassee, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The $5,200,000 sales price equates to $38,806 per unit.

Francesco “Frank” Carriera and Michael Regan, vice presidents investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor based in Colorado.  The listing agents also procured the buyer of the property, a limited liability company based in Mississippi.

Michael Regan
Spanish Oaks Apartments was built in 1975 and is located at 1327 High Road in Tallahassee, Florida.  This 134-unit multifamily community is comprised of one-, two- and three-bedroom apartments.  All units have central heat and air conditioning.  Amenities include an on-site laundry facility, tennis court, fitness center, clubhouse and a swimming pool.

For a complete copy of the company’s news release, please contact:

Richard D. Matricaria
Regional Manager,
Tampa, FL
(813) 387-4700

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