PUNTA GORDA, 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 Riverside Oaks, an 18-acre manufactured homes community in Punta Gorda, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $10,000,000.
 |
| Dan Mulkey |
Dan
Mulkey, an investment specialist in Marcus
& Millichap’s Tampa office, represented the seller, a private investor, in
this transaction.The buyer, Northwestern Mutual Life Insurance Company, was
also secured by Dan Mulkey.
“This
acquisition was the perfect fit for NML since they own a large community directly
across the street from Riverside Oaks, allowing them to easily blend in the
task of management for the newly acquired community. Riverside is a solid
5-Star community which compliments the NWM portfolio,” stated Mr. Mulkey.
Riverside
Oaks is an all adult community with 102 spaces. Established in 1990, Riverside
Oaks offers large sites with mature trees and nature trails. Riverside Oaks is
located at 27205 Jones Loop Road in Punta Gorda, Fla.
For more information,
please contact:
Whitney Davis,
Whitney.Davis@marcusmillichap.com
or
Ari
Ravi
Regional
Manager, Tampa, FL
(813) 387-4700
No comments:
Post a Comment