TAMPA, FLA., February 20, 2014 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Royal Sun Park, a 14,866-square foot seniors housing facility located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,975,000.
Krone Weidler, associate vice president investment in Marcus & Millichap’s Tampa office, and a partner in the deal, had the exclusive listing to market the property on behalf of the seller and the buyer, local private investors based in Tampa.
Royal Sun Park was built in 2003 and is located at 312 E 124th Avenue in Tampa, Fla.
“The asset was repositioned as a stand-alone memory care community in 2011 and catered to a private pay population,” says Ms. Weidler.
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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.