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| Annie Apartments, 902 East Annie Street, Tampa, FL |
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 Annie Apartments, a
36-unit garden-style apartment property located in Tampa, Fla., according to Richard
D. Matricaria, regional manager of the firm’s Tampa office. The asset sold
for $1,020,000.
Jason Hague, investment associate, Michael
Donaldson, vice president investments, and Nicholas Meoli, senior
investment associate all in Marcus & Millichap’s Tampa office, represented
both parties in the transaction.
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| Michael Donaldson |
Annie Apartments is located at 902 East Annie Street in
Tampa, Fla. Built in 1983, the complex
is situated on approximately a one-acre lot consisting of nine, two-story
buildings constructed of concrete block.
The community is comprised of all two-bedroom/one-bathroom units which
are approximately 850 rentable square feet.
Amenities of the property include private patios or porches,
central air conditioning and washer and dryer connections in all the
units. The roofs were also replaced on
every building around two years ago.
“By
emphasizing the major upside potential of this property, our team was able to
bring ten offers to the seller from a multitude of different local and out of
area buyers,” said Hague. “The seller
decided to move forward with an all cash investor from South Florida who was
able to close within 30 days of the contract date.”
For a complete
copy of the company’s news release, please contact:
Richard D. Matricaria
Vice President/Regional Manager
Tampa, FL
(813) 387-4700
