NAPLES, FL, July 26, 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 Oasis at Naples, a 78-unit apartment property located in Naples, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $8,550,000.
Nicholas Meoli and Michael Donaldson, both vice president investments in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also represented by Nicholas Meoli and Michael Donaldson.
Oasis at Naples is a garden-style condominium community located at 2110 Arbour Walk Circle in Naples, Florida. The sale included 78 out of 188 condominium units built in 1992. The unit mix consists of 11, one-bedroom/one-bathroom units with 648 rentable square feet, six, one-bedroom/one-bathroom units with 760 rentable square feet, 48, two-bedroom/two-bathroom units with 918 rentable square feet, nine, two-bedroom/two-bathroom units with 989 rentable square feet and four, two-bedroom/two-bathroom units with 1,022 rentable square feet. The condominiums have fully equipped kitchens including stainless steel appliances, dishwashers, garbage disposals, raised panel cabinet doors and formica countertops.
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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