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You are here: Home / Commercial Real Estate & Developers / Marcus & Millichap Arranges the Sale of a 40,440-Square-Foot Seniors Housing Property

Marcus & Millichap Arranges the Sale of a 40,440-Square-Foot Seniors Housing Property

April 11, 2018 by Post

VENICE, Fla., April 10, 2018 – 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  Summit at Venice Assisted Living & Memory Care Facility, a 40,440 square-foot seniors housing property located in Venice, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office.The asset sold for $6,100,000.

Krone Weidler, an investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Ms. Weidler secured and represented the buyer, a limited liability company.

“The Venice asset is an iconic, historic seniors housing community in downtown Venice that was originally built in 1926 and is listed in the National Registry of Historic Places. Many consider this 78-unit community to be one of the premier senior housing communities in the greater Venice area. The community offers assisted living and memory care services” stated Ms. Weidler.
The Summit at Venice is set on beautifully landscaped grounds with a courtyard, lovely gardens and walking trails. Summit at Venice is located at 200 Nassau Street North, Venice, 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

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