 |
| Colton Apartments, 249 Fourth Avenue North, St. Petersburg, FL |
 |
| Joshua Teplitzky |
ST. PETERSBURG, FL, Dec. 9, 2014 – Marcus & Millichap
(NYSE: MMI), a leading commercial real estate investment services firm with
offices throughout the United States and Canada, today announced the sale of The
Colton Apartments, a 17-unit apartment property located in St. Petersburg,
Fla., according to Richard D. Matricaria, regional manager of the firm’s
Tampa office.
The asset sold for
$1,200,000.
Joshua Teplitzky, associate, Michael P. Regan
and Francesco P. Carriera, vice presidents investments in Marcus &
Millichap’s Tampa office represented both parties in this transaction.
The Colton Apartments are located at 249 4th Avenue North
in St. Petersburg, Fla. and within walking distance to Vinoy Park and the St.
Petersburg Pier.
The property consists of a three-story building with five
studio units, nine, one-bedroom/one-bathroom units and three,
two-bedroom/one-bathroom units.
 |
| Michael P. Regan |
Amenities include an on-site laundry facility. The interiors of the units have been
upgraded with hardwood flooring and ceramic tile in the kitchens and
bathrooms.
"This asset was extremely well located in the heart of
downtown St. Petersburg,” says Teplitzky.
“We drove eleven offers throughout the marketing period and closed
within the timeframe stated in the contract.
“This property received a great deal of interest due to the
ongoing developments in downtown and expanding local St. Petersburg economy.”
For a complete copy of the company’s news release, please
contact:
Richard D. Matricaria
Vice President/Regional Manager
Tampa, FL
(813) 387-4700
No comments:
Post a Comment