FORT MYERS, FLA., December 21, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Greenwood Duplex Portfolio, an eight unit duplex portfolio located in Fort Myers, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $286,250.
Adam Podbelski, associate, Michael Donaldson, vice president investments, and Nicholas Meoli, vice president investments, all in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a limited liability company, was secured and represented by Adam Podbelski, Michael Donaldson and Nicholas Meoli.
Greenwood Duplex Portfolio is an eight unit duplex portfolio comprised of four, one-story concrete block structures that are contained on two parcels and a single lot with an approximate size of 0.16 acres. The first parcel, located at 4423 Greenwood Avenue in Fort Myers, contains three duplexes that were built in 1979 and received new roofs in 2009; while the second parcel, located at 4435 Greenwood Avenue, contains one duplex that was built in 1991 and also received a new roof in 2009. Collectively, the portfolio is comprised of seven, two-bedroom/one-bedroom units with approximately 650 rentable square feet and one three-bedroom/one-bathroom unit with approximately 850 rentable square feet.
# # #
About Marcus & Millichap (NYSE: MMI)
With nearly 1,500 investment professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 7,600 transactions in 2014 with a value of approximately $33.1 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com