CLEARWATER, FL, March 29, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Creekside at Glen Oaks, a 12-unit apartment property located in Clearwater, Fla., according to Grant Fitzgerald, sales manager of the firm’s Tampa office. The asset sold for $1,040,000.
Sebastian Harris, Ned Roberts, CCIM, Jason Hague and Adam Podbelski, 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 Sebastian Harris, Ned Roberts, CCIM, Jason Hague and Adam Podbelski.
Creekside at Glen Oaks is located at 1280 Druid Road East in Clearwater, Fla. The property has frontage on Druid Road with 8,500 vehicles passing by daily. Creekside at Glen Oaks also offers a highly attractive unit mix with 100 percent large two-bedroom/one-bath floor plans. The community is in the Path of Penny for Pinellas pedestrian pathway, connecting Tampa to Clearwater Beach and is located 3.7 miles to world-renowned Clearwater Beach (TripAdvisor’s 2018 #1 Beach in America).
About Marcus & Millichap (NYSE: MMI)
With nearly 2000 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 9,472 transactions in 2018 with a value of approximately $46.4 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.