NAPLES, FLA., October 19, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of BNA Apartments, a 24-unit apartment property located in Naples, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $946,000.
Michael Donaldson, a senior associate in Marcus & Millichap’s Tampa office represented the seller.
BNA Apartments is located at 4619-4711 Alladin Lane and 4615-4715 Verity Lane. The property consists of six adjacent buildings, each with their own parcel. Four of the buildings found on Verity Lane are triplexes that were built between 1978 and 1981 comprised of all two-bedroom and two-bathroom units with attached garages. The other two buildings on Alladin Lane were built in 1989 and feature a unit mix of two studios and ten two-bedroom and two-bathroom units with screened-in patios.
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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.