TAMPA, FL, June 9, 2016 – 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 The Vendome, a 12-unit apartment building located in Tampa, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $1,366,500.
Cameron Barbas, associate, Francesco P. Carriera, first vice president investments, and Michael P. Regan, first 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 private investor, was secured and represented by Barbas, Carriera and Regan.
The Vendome is located at 1710 West Jetton Avenue in the highly desirable Old Hyde Park submarket, and is approximately five blocks northwest of the beautiful Bayshore Boulevard. The property consists of one, two-story building comprised of 12 one-bedroom/one-bathroom units with 800 rentable square feet. The building sits on an approximately 0.17 acre parcel of land. Hyde Park Village and the South Howard District are both within a five minute walk from the Vendome providing residents with ample shopping and leisure activities, which includes L.A. Fitness, Publix Green Wise, Winn-Dixie, a movie theater, a multitude of boutique and national retail stores and multiple local restaurants.
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About Marcus & Millichap (NYSE: MMI)
With over 1,600 investment sales and financing 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 8,700 transactions in 2015 with a value of approximately $37.8 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