 |
| Rolling Hills Apartments, 280 John Knox Road, Tallahassee, FL |
 |
| Francesco 'Frank' Carriera |
TALLAHASSEE, FL, Jan. 23, 2014 – Marcus & Millichap Real Estate Investment
Services, the nation’s largest real estate investment services firm, has
announced the sale of Rolling Hills Apartments, a 152-unit multifamily
community located in Tallahassee, Fla., according to Richard D. Matricaria,
regional manager of the firm’s Tampa office. The asset sold for $6,440,000.
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 Georgia-based seller,
a private investor.
The listing agents
also procured the buyer of the property a private investor from Tallahassee,
Fla.
Rolling Hills Apartments was built in 1972 and are located
at 280 John Knox Road in Tallahassee, Fla.
The property consists of seven, two-story buildings comprised of one-,
two and three bedroom units. In 2004, 18 three-bedroom/three-and-a-half
bathroom townhome units were added.
All townhome units have back patios with views of a natural
spring-fed lake. Property amenities
include on-site laundry facilities, washer and dryer appliances in all townhome
units, washer and dryer connections in select units, a fitness center, barbeque
and picnic area, a clubhouse and a pool.
 |
| Michael Regan |
“We generated nine offers from buyers located in the
Southeast, Northeast and Central U.S. regions, says Carriera.
“The incredible amount of interest we
received in the offering, allowed for multiple offers over the seller’s
expectations, with several buyers offering non-refundable deposits immediately
upon execution of the purchase contract,” adds Carriera.
“The Tallahassee market allows investors from all over
Florida to take advantage of buying investments at slightly higher yields than
most other markets in Florida.
Additionally, investors are attracted to Tallahassee due to the stable
government and higher education employment opportunities,” concludes Carriera.
For a complete copy of the company’s news release, please
contact:
Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700
No comments:
Post a Comment