CAPE CORAL, Fla., May 21, 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 Cape Coral Apartments, a 16-unit apartment property located in Cape Coral, FL, according to Grant Fitzgerald, sales manager of the firm’s Tampa office. The asset sold for $1,437,500.
Adam Podbelski, Ned Roberts, CCIM and Jason Hague, 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 private investor, was also secured and represented by Adam Podbelski, Ned Roberts, CCIM and Jason Hague.
“The strength of our marketing campaign allowed us to generate nine offers and close with a very well qualified, California-based buyer,” says Podbelski. “Overall, this was very much a win-win for both parties.”
Cape Coral Apartments is located at 827 SE 46th Lane in Cape Coral, Fla. The community is three blocks north of Cape Coral Parkway and within walking distance of the Central Shopping District. This lushly-landscaped property has direct frontage to a gulf-access waterfront canal, offering a unique resort-style environment for residents.
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.