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| Graham Bottling Works Factory Lofts, 3106 North Jefferson Street, Tampa, FL |
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| Casey Babb |
TAMPA, FL, Jan. 27, 2015 – 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 Graham
Bottling Works Factory Lofts, a 20-unit apartment property located in
Tampa, Fla., according to Richard D. Matricaria, regional manager of the
firm’s Tampa office.
The asset sold for $375,000.
Luis Baez, senior associate, and Casey Babb,
CCIM and vice president investments in Marcus & Millichap’s Tampa office,
represented both parties in this transaction,
Graham Bottling Works Factory Lofts is located at 3106 North
Jefferson Street in Tampa, Fla. This is
an adaptive reuse of a historic 22,000-square foot former orange juice factory
into between 12-16 residential lofts.
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| Luis Baez |
This unique
residential development offering provides an exciting opportunity to remake a
small piece of Tampa’s history, into a new and exciting loft project with
numerous development incentives and rebates for improvements if the building is
awarded a historic preservation designation.
“Tampa Heights and Seminole Heights are experiencing a
rebirth of sorts which makes sense given their proximity to Tampa’s urban
core,” says Babb.
“This project is one of a handful of residential adaptive-reuse
projects announced recently which signals that developers sense a growing
demand for these infill submarkets, and are now willing to invest fresh capital
into these neighborhoods.”
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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