Wednesday, September 9, 2015

Marcus & Millichap Arranges $8.75 Million Sale of 96-Unit Grand Oaks Apartments in Tampa, FL


Francesco P. Carriera
TAMPA, 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 Grand Oaks Apartments, a 96-unit multifamily community located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $8,750,000.

Francesco P. Carriera and Michael P. Regan, both vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented by Carriera and Regan.

Grand Oaks Apartments is a 96-unit multifamily community located at 8450 Standish Bend Drive in Tampa, Florida. The property was constructed in 1984, and the amenities include a fitness center, picnic area with barbecue grills, clubhouse and sparkling swimming pool.

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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