 |
| Belmont Park apartments, 4300 18th Street West, Bradenton, FL |
 |
| Nicholas Meoli |
BRADENTON, 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 Belmont Park, a
234-unit apartment property located in Bradenton, Fla., according to Richard D.
Matricaria, regional manager of the firm’s Tampa office. The asset sold for
$9,360,000.
Nicholas Meoli, senior associate and Michael
Donaldson associate vice president investments, both in Marcus &
Millichap’s Tampa office, had the exclusive listing to market the property on
behalf of the seller, a private investor from Sarasota, Florida.
The listing agents also secured the buyer of
the property a New York based private investor.
Belmont Park was built in 1971 and is located at 4300 18th
Street West in Bradenton, Fla.
 |
| Michael Donaldson |
“The Belmont Park transaction shows the continued demand for
value-add opportunities in secondary markets as competition has increased
considerably in primary locations,” says Meoli.
“The buyer was a savvy out-of-state investor in a 1031
exchange and closed within 35 days from the executed contract,” adds Donaldson.
For a complete copy of the company’s news release, please
contact:
Richard D. Matricaria
Regional Manager
Tampa, FL
(813) 387-4700
No comments:
Post a Comment