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| Park Place Apartments, 9310 Valley View Lane, Off U.S. 19, Port Richey, FL |
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| Jason Stanton |
TAMPA, FL -- Hendricks-Berkadia Apartment Real Estate
Advisors, which ranks as one of the leading multi-family investment banking and
research companies in the nation, recently negotiated the sale of the 420-unit Park
Place apartment community at 9310 Valley View Lane in Port Richey
off U.S. 19.
Situated on 23.51 acres, amenities include two pools,
Jacuzzi, tennis court, fitness center, two clubhouses, barbeque grills, laundry
facilities, and car-care center.
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| Hal Warren |
Jason Stanton, vice president based in Tampa,
negotiated the sale with associate partner Hal Warren of the firm’s
Orlando office, and Cole Whitaker, partner who heads Hendricks-Berkadia’s
southeast region.
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| Cole Whitaker |
Hendricks-Berkadia represented the sellers, Trail Port
Richey, LLC and CC Port Richey Apartments, LLC, a partnership of Tom
Cabrerizo and Maurice Cayon.
Stanton said the investment property which was built in
1985, benefits from more than $1 million in renovations and improvements over
the past three years and has the potential to increase future revenues through
a value add program, increasing occupancy to market levels.
Dorvidor Management Company, LLC paid $21,200,000 for the
property.
For a complete copy of the company’s news release, please
contact:
Larry Vershel or Beth Payan, Larry Vershel Communications,
407-644-4142; lvershelco@aol.com
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