• Marcus & Millichap Arranges the Sale of a 40-Unit Apartment Building

    TAMPA, FLORIDA, May 16, 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 Garden Villa Townhouses, a 40-unit apartment property located in Tampa, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $2,575,000.

    Francesco P. Carriera, Michael P. Regan, Cameron Barbas and Joshua Teplitzky, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The buyer, a private investor, was secured and represented byCameron Barbas, Joshua Teplitzky, Francesco P. Carriera and Michael P. Regan, investment specialists in Marcus & Millichap’s Tampa office.

    Garden Villa Townhouses is located at 8731 North 30th Street in Tampa, Florida.  Garden Villas Townhouses is a traditional 40 unit apartment community located in Tampa, Florida which is in Hillsborough County. The Property consists of 10 two-story residential buildings. The residential buildings consist of 40 two-bedroom/one-and-one-half-bathroom townhouses with 939 rentable square feet. The Property sits on an approximately 1.96 acre parcel of land and the buildings have central heating and air conditioning. Resident pays water, sewer and trash. Water and sewer is individually metered and billed. Amenities include back patios for all units, washer/dryer connections and a pool.

    #     #     #


    About Marcus & Millichap (NYSE: MMI)

    With over 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com