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.
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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.