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| Pine Grove Townhomes, Valrico, FL |
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| Luis Baez, |
VALRICO, FL -- Marcus
& Millichap (NYSE: MMI), a leading commercial real estate
brokerage firm specializing in investment sales, financing, research and
advisory services, announced the sale of Pine Grove Townhomes, a 17-unit
apartment property located in Valrico, Fla., according to Chris Travis, regional manager of
the firm’s Tampa office.
Luis Baez, CCIM, Casey Babb, CCIM, Dan Mulkey and
Shawn Rupp, investment specialists in Marcus & Millichap’s Tampa
office, had the exclusive listing to market the property on behalf of the
seller, a developer.
Pine Grove Townhomes is located at Pine Knot Drive in Valrico,
Fla. Constructed in early 2000, all seventeen
units are within five neighboring buildings on the same street.
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| Casey Babb |
The offering consists of 100
percent three-bedroom/two and one-half units measuring either 1,842 or 2,047
square feet.
Units feature large, open floor
plans, private patios (some fully screened), fully equipped kitchens with
dishwashers, washer/dryer connections in all units, and private garages.
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| Dan Mulkey |
Community amenities include a
swimming pool, toddler playground, and several tenant gathering areas.
Pine Grove Townhomes has
a substantial employment base within a thirty-minute drive including 93,000
employees within 20 minutes and 60,000 in Downtown Tampa within 30 minutes.
The property is also in
proximity to major demand drivers such as the Brandon Regional Hospital (4
miles), Westfield Brandon and Regency Square Malls (5 miles), The Estuary (5
miles); a 150 acres entertainment complex which includes Bass Pro Shop, Top
Golf, Dave & Busters, and iFly.
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| Shawn Rupp |
It also includes two recently constructed USAA office buildings at
Crosstown Center, totaling 660,000 square feet of space and over 2,200
employees.
Pine Grove Townhomes is conveniently located off
Bloomingdale Avenue, a major east/west corridor through the Greater Brandon
Area with traffic counts exceeding 40,000 vehicles per day.
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| Chris Travis |
Residents enjoy close proximity
to an abundance of retailers and dining options along as well as the close
proximity to the Westfield Brandon Mall and Regency Square Mall which together
total over 1.5 million square feet of shopping, dining and entertainment space.
The Brandon Campus of
Hillsborough Community College is just minutes away from Pine Grove Townhomes
and is an institution with nearly 47,000 students across its six local
campuses.
The school ranks 20th
nationally in total number of associate degrees produced annually.
CONTACT:
Chris Travis
Regional Manager,
Tampa, FL
(813) 387-4700
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