RUSKIN, FL, August 8, 2017 – 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 Riverwood Apartments, a 45-unit apartment property located in Ruskin, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $2,325,000.
Ned Roberts, Michael Donaldson and Nicholas Meoli, investment specialists 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 secured and represented by Ned Roberts, Michael Donaldson, Nicholas Meoli of the firm’s Tampa office and Daniel Aviles and Michael Lombardi, investment specialists in Marcus & Millichap’s New Jersey office.
“We leveraged Marcus & Millichap’s national footprint to sell this asset for the full asking price,” said Ned Roberts. “The sale price per unit set a new record for multifamily assets of this size and class in Ruskin.”
Riverwood Apartments is located at 709 Oceanside Circle in Ruskin, Florida.
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About Marcus & Millichap (NYSE: MMI)
With over 1,700 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 9,000 transactions in 2016 with a value of approximately $42.3 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