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| Ned Roberts |
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 a 21-unit multifamily portfolio located in Tampa and St. Petersburg,
Florida, according to Ari Ravi,
regional manager of the firm’s Tampa office. The asset sold for $690,000.
“The seller felt now was the time
to realize profits on a portfolio assembled in the aftermath of the Great
Recession,” says Ned Roberts,
associate in Marcus & Millichap’s Tampa office. “We were pleased to
identify a singular buyer capable of acquiring this non-contiguous portfolio of
assets.”
Roberts, along with Michael Donaldson and Nicholas Meoli,
both vice president investments in the firm’s Tampa office, had the exclusive
listing to market the property on behalf of the seller. They also procured and
represented the buyer.
The portfolio consists of
one duplex, one triplex and four quadplexes located across both Hillsborough
and Pinellas counties. There are 21 units comprised of one, two and
four-bedroom floor plans ranging in size from 575 to 1,020 rentable square
feet. The portfolio has a history of high occupancy rates and was 100 percent
occupied at the time of sale.
For a complete copy of the company’s news release,
please contact:
Ari Ravi
Regional Manager, Tampa
(813) 387-4700
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