GAINESVILLE, FLA., October 19, 2012 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Carver Gardens, a 100-unit apartment property located in Gainesville, Florida, according to Richard D. Matricaria, Regional Manager of the firm’s Tampa office. The asset commanded a sales price of $4,000,000.
Ridge MacLaren, a first vice president investments, Clark Talone and Andrew Townsend, both senior associates in Marcus & Millichap’s Philadelphia office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a partnership, was secured and represented by John E. (Jay) Brigel, a senior investment specialist with Marcus & Millichap’s Tampa office.
Carver Gardens was built in 1970 and is located at 1101 Southeast 15th Street. This is a garden-style apartment complex situated on 7.6 landscaped acres. There is an outstanding unit mix with 75 percent two and three-bedroom units.
“I was able to bring my clients an outstanding asset that fits wonderfully with their existing Florida portfolio,” said Brigel. “We had a highly motivated out-of-state seller that led to making this deal a home run for my clients.”
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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.