TAMPA, FLA., January 3, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 24-unit apartment community located in Tampa, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $900,000.
Michael Donaldson and Nicholas Meoli, senior associates in the Tampa, Fla. office of Marcus & Millichap, had the exclusive listing to market the property on behalf of the seller, a limited liability company in Land O’ Lakes. The local buyer, a limited liability company, was secured by Luis Baez, an investment specialist also in the firm’s Tampa office.
The 24-unit, garden-style apartment community is located at 4005 East Humphrey Street in Tampa, Fla. Built in 1972, the complex is situated on approximately a 0.60 acre lot which consists of two, two-story buildings. Amenities of the property include private patios/porches, and central air-conditioning in each unit.
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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.