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| Michael Donaldson |
DUNEDIN, FL, Aug. 9, 2017
– 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 885 Beltrees Street, a 16-unit apartment property
located in Dunedin, Florida, according to Ari Ravi, regional manager of the
firm’s Tampa office. The asset sold for $925,000.
Jason Hague, Michael Donaldson and Nicholas Meoli, investment specialists in Marcus & Millichap’s
Tampa office, had the exclusive listing to market the property on behalf of the
seller, a limited liability company. The
buyer, a limited liability company, was also secured and represented by the
three brokers.
“Beltrees Apartments was
an off market transaction that we closed with a cash buyer,” stated Hague. “The buyer owned assets in the immediate area
and found this property to be particularly interesting due to the location. The property did have some deferred
maintenance issues which we were able to overcome and got the buyer to close in
just over 30 days from the executed contract,” added Hague.
The Property is located at
885 Beltrees Street in Dunedin, Florida.
For a complete copy of the company’s news release,
please contact:
Ari Ravi
Regional Manager, Tampa
(813) 387-4700
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