TAMPA, Fla., July 17, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Green Oaks, a 100-unit multifamily property located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The $4,170,000 sales price equates to $41,700 per unit.
Francesco “Frank” Carriera and Michael Regan, vice president investments in Marcus & Millichap’s Tampa office represented both the seller and the buyer, private investors based in Florida.
Green Oaks was built in 1983 and is located at 3801 West Tyson Avenue. The property consists of eight, two-story buildings on six separate parcels, totaling approximately 2.83 acres. The buildings are comprised of one- and two-bedroom units. Amenities include two on-site laundry facilities and ample parking. Roofs were replaced in 2012 and 70 percent of the units were remodeled in 2012.
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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 6,149 transactions in 2012, 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.