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| Fountain Court Apartments, St. Petersburg, FL |
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| Francesco 'Frank' Carriera |
ST. PETERSBURG, FL – Marcus & Millichap Real Estate
Investment Services, the nation’s largest real estate investment services firm,
has announced the sale of Fountain Court Apartments, a 62-unit
multifamily community located in St. Petersburg, Fla., according to Richard D.
Matricaria, regional manager of the firm’s Tampa office. The asset sold for
$3,090,000.
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| Michael Regan |
Francesco “Frank” Carriera and Michael Regan,
vice presidents investments and Joshua Teplitzky, investment specialist
in Marcus & Millichap’s Tampa office, had the exclusive listing to market
the property on behalf of the local seller, a private investor.
The listing agents
also procured the buyer of the property, a limited liability company based in
Safety Harbor, Fla.
Fountain Court Apartments was built in 1968 and is located
at 600 40th Street North in St. Petersburg, Fla.
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| Joshua Teplitsky |
There are two, two-story buildings and two, three-story
buildings consisting of one-, two- and three-bedroom floor plans. The property has undergone major renovations
within the last two years which includes, new exterior paint, new roofs,
updates to the pool, elevators, courtyard and the interiors of select units.
For a complete copy of the company’s news release, please
contact
Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700
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