CLEARWATER, Fla., July 2, 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 Skycrest Greens Apartments, a 10-unit apartment property located in Clearwater, Fla., according to Grant Fitzgerald, sales manager of the firm’s Tampa office. The asset sold for $975,000.
Sebastian Harris, Adam Podbelski, Jason Hague and Ned Roberts, 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 limited liability company, was also secured and represented by Sebastian Harris, Adam Podbelski, Jason Hague and Ned Roberts, CCIM.
“This sale is representative of investors’ continued desire to seek value-add opportunities, and their willingness to look outside of core markets to find them,” said Sebastian Harris.
Skycrest Greens Apartments is located at 1767 Leo Lane South in Clearwater, Fla. The property has a newer roof and the parking area was recently repaved. The community is centrally located, just 3.7 miles away from Downtown Dunedin and 6.2 miles from the world-renowned Clearwater Beach (TripAdvisor’s 2018 #1 Beach in America).
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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.