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| Adam Podbelski |
FORT MYERS, FL, Aug. 20,
2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate
investment services firm with offices throughout the United States and Canada, announced
the sale of Illinois Avenue Apartments, a 10-unit apartment community located
in Fort Myers, Florida, according to Richard D. Matricaria, regional manager of
the firm’s Tampa office.
The asset sold for $465,000.
Adam Podbelski,
associate, Nicholas Meoli and Michael Donaldson, both vice president
investments, all in Marcus & Millichap’s Tampa office, had the exclusive
listing to market the property on behalf of the seller, a private
investor. The buyer was secured and
represented by Podbelski, Meoli and Donaldson.
Illinois Avenue Apartments
is a 10-unit apartment community consisting of a two-story building located at
2150 Illinois Avenue in Fort Myers, Florida.
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| Nicholas Meoli |
Built in 1966, the
structure is comprised of seven, one-bedroom/one-bathroom units with
approximately 650 rentable square feet and three, two-bedroom/one-bathroom
units with approximately 850 rentable square feet.
Sitting on an
approximately 0.40 acre lot just a quarter-mile from the Edison and Ford Winter
Estate, Illinois Avenue Apartments features tile flooring in all units, garden-style
porches and an on-site laundry facility.
“The demand for
multifamily product in Lee County, especially the downtown and River District
of Fort Myers, has consistently increased over the past year,” says Podbelski.
“Illinois Avenue Apartments is a great example of this as we closed with an
all-cash buyer within 30 days of going to contract.”
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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