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| Michael Donaldson |
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 Elm Lake Apartments, a 64-unit apartment property
located in Bradenton, FL, according to Richard D. Matricaria, regional manager
of the firm’s Tampa office. The asset sold for $2,500,000.
Vice
President Investments Michael Donaldson
and Vice President Investments Nicholas
Meoli in Marcus & Millichap’s Tampa office along with Executive Vice
President Investments Robert Sheppard,
Senior Vice President Investments Armand
Tiberio, and Senior Vice President
Investments Spencer Hurst, in Marcus
& Millichap’s Seattle office, had the exclusive listing to market the property
on behalf of the seller, an individual/personal trust.
The buyer, a
limited liability company, was secured and represented by Nicholas Meoli,
Michael Donaldson, Robert Sheppard, Spencer Hurst and Armand Tiberio.
Elm Lake
Apartments is located at 6318 14th Street East in Bradenton, Florida, less than
four miles from scenic Sarasota Bay.
Elm Lake
Apartments is a 64-unit apartment community consisting of five, two-story
buildings and one, one-story building that functions as a leasing office.
 |
| Nicholas Meoli |
It is
conveniently located within two miles of U.S. Highway 41 (US-41) in Bradenton
and offers residents easy access to the area's major north/south thoroughfare
without compromising the peace-of-mind created by its proximity to the coast.
The
buildings are comprised of eight, one-bedroom/one-bathroom units with 592
rentable square feet, 32 two-bedroom/two-bathroom units with 840 rentable
square feet, eight, two-bedroom/two-bathroom units with 1,081 rentable square
feet, and 16 three-bedroom/two-bathroom units with 1,036 rentable square feet.
Property amenities include a clubhouse, basketball court, volleyball court,
playground and two on-site laundry facilities.
For a complete copy of the company’s
news release, please contact:
Richard D.
Matricaria
Vice
President/Regional Manager, Tampa
(813)
387-4700
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