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| 5150 and 5122 6th Street, Zephyrhills, FL |
ZEPHYRHILLS, 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 a two-property portfolio
located in Zephyrhills, Florida, according to Richard D. Matricaria, regional
manager of the firm’s Tampa office.
The asset sold for $280,000.
Cameron Barbas, associate, Michael P. Regan
and Francesco P. Carriera, vice presidents investments in Marcus &
Millichap’s Tampa office, represented both parties in the transaction.
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| Cameron Barbas |
The properties are located at 5150 and 5122 6th Street
in Zephyrhills, Florida and consist of two, one-story buildings and one,
two-story building.
There are five
studio units with 350 rentable square feet and six, one-bedroom/one-bathroom
units with a range of 450 to 950 rentable square feet.
The buildings are located within two blocks
of each other and are situated on approximately 0.37 acres and 0.15 acres of land. Amenities include a private gated entry at
5122 6th Street.
“The transaction closed within 66 days of the initial
marketing of the portfolio located in the tertiary market of Zephyrhills, says
Barbas.
“We drove multiple written offers, including the eventual
purchaser’s offer, within the first two weeks of marketing. The assets were
only 72 percent occupied at the time of sale, as three of the 11 units were
down.”
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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