TAMPA, Fla., August 29, 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 Courtyard Gardens, an 8-unit apartment property located in Tampa, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $1,395,000.
Francesco P. Carriera, Michael P. Regan, Cameron S. Barbas and Matthew W. Prozzillo, investment specialists 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 also secured and represented by Matthew W. Prozzillo, Cameron S. Barbas, Francesco P. Carriera and Michael P. Regan.
Courtyard Gardens is located in the Hillsborough County area of Tampa, Fla. The property consists of two, two-story buildings comprised of eight, two-bedroom/two-bathroom units with 780 rentable square feet. Built in 1983, the buildings sit on approximately .30-acres of land and all units have central heat and air-conditioning. Unit amenities include washer/dryer appliances, off-street parking, private balconies, gated entry and a tranquil courtyard.
Courtyard Gardens is in the highly desirable SoHo District of Tampa. Howard Avenue is one block east of the property, is a major north-south thoroughfare and consists of over 40-plus local and national retail shopping centers and restaurants. Old Hyde Park Village, comprised of 51 restaurants and shops, is also within a five-minute bike ride to Courtyard Gardens. The property is approximately a ten-minute drive to The University of Tampa, Downtown Tampa and Kennedy Boulevard. Courtyard Gardens is located at 408-410 Tampania Avenue in Tampa, 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