DELAND, FLA., September 27, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Arlington Square, a 34-unit apartment property located in Deland, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $780,000.
Michael Donaldson, a senior associate and multifamily specialist in Marcus & Millichap’s Tampa office represented the buyer, a private investor based in Aventura, Florida.
Arlington Square was built in 1971 and is located at 302 South Spring Garden Avenue. The property consists of three concrete block buildings with pitched composition shingle roofs resting on 1.47 acres. Amenities at the property include a swimming pool, electric stoves, dishwashers and a laundry facility.
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With more than 1,000 investment professionals in offices nationwide, Marcus & Millichap Real Estate Investment Services is the largest firm specializing in commercial real estate investment services in the nation. Marcus & Millichap closed 5,085 transactions in 2011, the highest of any commercial real estate brokerage firm. Founded in 1971, the firm has perfected a powerful system for marketing properties that combines product specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology and relationships with the largest pool of qualified investors nationally.