TAMPA, Fla., September 4, 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 The Beach at Bayshore, a 6-unit apartment property located in Tampa, Fla., according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $900,000.
Shawn Rupp, Casey Babb, CCIM and Luis Baez, CCIM, 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 byShawn Rupp, Casey Babb, CCIM and Luis Baez, CCIM.
“The Beach at Bayshore is located on the same block as some of Tampa’s most desirable apartments and condos. This property has recently received major renovations to all but two units, which the buyer plans to continue renovating during their ownership,” says Mr. Rupp.
The Beach at Bayshore is a two-story, six-unit multifamily property located in the most prestigious rental neighborhood of Hyde Park. Located just a few minutes from Downtown Tampa, Bayshore Boulevard, Amelie Arena, University of Tampa, Publix Supermarket, Tampa General Hospital, Davis Islands, the Tampa Riverwalk and the Tampa Convention. The Beach at Bayshore is unparalleled with its proximity to the area’s most popular economic and entertainment drivers.
Originally built in 1900 and receiving major renovations this year, The Beach at Bayshore’s tenants enjoy some of the best amenities a short walk or bike away. Less than a quarter mile from Downtown Tampa and Tampa General Hospital, 0.4-miles from the University of Tampa and 2.58-miles from the Westshore Business District. The Beach at Bayshore provides a short commute to large employment centers in the region, as well as the area’s best schools from kindergarten to university. The Beach at Bayshore is located at 212 Beach Place 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