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| Gardenia Gardens Apartments, 4349 Armedia Avenue, Fort Myers, FL |
FORT MYERS, FL– Marcus & Millichap (NYSE: MMI), a
leading commercial real estate investment services firm with offices throughout
the United States and Canada, announced
the sale of Gardenia Gardens, a seven-unit apartment property located in Fort
Myers, Fla., according to Richard D. Matricaria, regional manager of the firm’s
Tampa office. The asset sold for
$175,000.
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| Adam Podbelski |
Adam Podbelski, an associate in Marcus &
Millichap’s Tampa office, had the exclusive listing to market the property on
behalf of the seller, a limited liability company based in Georgia.
Mr. Podbelski also procured the buyer of the
property, a private investor from Miami.
Gardenia Gardens was built in 1974 and is centrally located
at 4349 Armeda Avenue in Fort Myers, Fla.
Situated on approximately a 0.30-acre lot, the concrete block structure
contains seven, two-bedroom/one-bathroom units with approximately 780 rentable
square feet.
“By collectively emphasizing Gardenia’s high return and the
significant growth taking place in Lee County’s rental markets, we generated
multiple offers from local and out-of-area buyers,” says Podbelski.
“As a result of our national marketing
campaign, we were able to procure a cash buyer in just over thirty days and
ultimately closed within twenty-six days of the executed contract date.”
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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