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| Plaza-View Apartments, 2144 Illinois 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 Plaza-View Apartments,
a 12-unit apartment community located in Fort Myers, Fla., according to Richard
D. Matricaria, regional manager of the firm’s Tampa office.
The asset sold
for $342,500.
Adam Podbelski, investment associate, Michael
Donaldson, vice president investments, and Nicholas Meoli, senior
investment associate, all in Marcus & Millichap’s Tampa office, represented
both parties in the transaction.
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| Adam Podbelski |
Plaza-View Apartments is located at 2144 Illinois Avenue in
Fort Myers, Florida. This 12-unit
apartment community consists of one, two-story, wood-frame building.
Built in 1926, the
structure has since received additional renovations, including a white EPDM
roof in 2005 and a rear staircase in 2011.
The property is situated on approximately 0.17 acres of
land, just a quarter-mile from the Edison and Ford Winter Estates.
Plaza-View is
comprised of eight studios with approximately 500 rentable square feet and
four, one-bedroom/one-bathroom units with approximately 600 rentable square
feet.
“Having the second largest rental growth rate among U.S.
markets in 2013, Fort Myers has continued to see increased demand, especially
in highly desirable submarkets like the River District” says Podbelski.
“Being in very close proximity to the downtown area and
offering a strong value-add opportunity, the asset drew significant interest
from both local and international investors.”
For a complete
copy of the company’s news release, please contact:
Richard D. Matricaria
Vice President/Regional Manager
Tampa, FL
(813) 387-4700
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