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| Paul Nudelman |
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 Moorland Village, a
48-unit apartment property located in Tampa, Florida, according to Ari Ravi,
regional manager of the firm’s Tampa office. The asset sold for $4,050,000.
Investment specialists, Nicholas Meoli, Michael Donaldson and Ned
Roberts, in Marcus & Millichap’s Tampa office with Paul D. Nudelman, in the
firm’s Miami 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 secured and represented by Nudelman.
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| Nicholas Meoli |
“Our nationwide marketing campaign highlighted the property’s
sought-after location and tremendous value-add opportunity, generating
substantial investor demand. Less than three weeks after launching the
listing we put the property under contract with a buyer we identified, at 96.4
percent of the list price,” said Roberts.
“We actively managed the under-contract period, which included
assumption of the seller’s existing debt and successfully closed the deal at
the contract price,” added Donaldson.
Moorland Village on a major thoroughfare South Dale Mabry Highway
with 34,000 vehicles driving by daily and minutes from MacDill Air Force Base,
the Selmon Expressway and major employers in Downtown Tampa. Moorland Village
is located at 3729 West Tyson Avenue in Tampa, Florida.
For more
information, please contact:
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Crystal Marino
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Brokerage Administrator/Front Desk
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or
Ari Ravi
Regional Manager, Tampa
(813) 387-4700
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