CLEARWATER, Fla., August 17, 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 Williamsburg Manor, an 8-unit apartment property located in Clearwater, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $889,000.
Sebastian Harris, 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 was secured and represented by Adam Podbelski, Sebastian Harris, Ned Roberts, Michael Donaldson and Nicholas Meoli, investment specialists in Marcus & Millichap’s Tampa office.
“The buyer was largely attracted to the asset due to the mix of all two-bedroom/two-bath units,” said Mr. Podbelski. “The sale turned out to be the highest price per unit ever paid for a 1970’s-built property in mainland Clearwater history,” added Mr. Harris.
Williamsburg Manor is a multifamily community located in Clearwater, Fla. – Florida’s most densely populated County. The property is within walking distance of St. Petersburg College Clearwater and Spectrum Field, the spring training home of the Philadelphia Phillies. Built in 1979, Williamsburg Manor has tile flooring throughout the interior units, private patios and a new roof that was installed in 2015. Williamsburg Manor is located at 2470 Sharkey Road in Clearwater, Fla.
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About Marcus & Millichap (NYSE: MMI)
With over 1,800 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 2017 with a value of approximately $42.2 billion. Marcus & Millichap 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