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| Jason Hague |
TAMPA, FL, Aug. 4, 2016 –
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 Carmen Apartments,
a 16-unit apartment property located in Tampa, Florida, according to Richard D.
Matricaria, regional manager of the firm’s Tampa office. The asset sold for
$1,120,000.
Jason Hague,
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, an individual/personal trust.
The buyer, a limited liability company, was secured and represented by
Hague, Donaldson and Meoli.
Carmen Apartments is a
16-unit multifamily apartment community located at 4303 West North A Street in
Tampa, Florida.
The property was constructed and is situated on approximately
.41 acres of land. Made up of one
building, the unit mix consists of eight, one-bedroom/one-bathroom units with
600 rentable square feet and eight, two-bedroom/one-bathroom units with 900
rentable square feet.
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| Nicholas Meoli |
“Through our broad
reaching national marketing campaign, the Meoli-Donaldson team was able to
bring nine offers to the seller within 48 hours of hitting the market.
“Due to the tremendous
activity that we received, we were able to guide seven of those buyers to
either at or above list price, eventually going under contract with a cash
buyer in a 1031 exchange,” says Hague.
“In order to keep their offer competitive, the
ultimate buyer waived all inspection and financing contingencies up front and
closed 15 days from the executed contract date on an all cash basis.
"The
assignment is a true indication of how competitive the current market
conditions are and how Marcus & Millichap and our team can truly perform
for our clients.”
For a complete copy of the company’s news release,
please contact:
Richard D. Matricaria
First Vice President /
Regional Manager
Tampa
(813) 387-4700
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