TAMPA, FL, October 28, 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 Green Oaks Apartments, a 100-unit apartment community located in Tampa, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $6,400,000.
Francesco P. Carriera and Michael P. Regan, both first vice president investments, Joshua Teplitzky, senior associate, and Cameron Barbas, associate, 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 Carriera, Regan, Teplitzky and Barbas.
Green Oaks Apartments is a 100-unit multifamily community located at 3801 West Wallace Avenue in the South Tampa submarket of Tampa, Florida. The property consists of eight, two-story buildings situated on approximately 2.88 acres of land. The buildings are comprised of 62 one-bedroom/one-bathroom units with 600 rentable square feet and 38 two-bedroom/one-bathroom units with 900 rentable square feet. Green Oaks Apartments lies just one block west of the intersection of Interbay Boulevard and Dale Mabry Highway, one of the primary retail corridors in Hillsborough County.
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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