SARASOTA, Fla., July 10, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the listing of Beneva Oaks, a 40-unit apartment property located in Sarasota, Fla., according to Grant Fitzgerald, Sales Manager of the firm’s Tampa office.
Luis Baez, CCIM, Miles Tombrink, Sean Drezin, Casey Babb, CCIM and Shawn Rupp, multifamily specialists in Marcus & Millichap’s Tampa office, have the exclusive listing to market the property on behalf of the seller, Goodwill Manasota.
“We look forward to the opportunity of working with Goodwill Manasota on the sale of this asset and further to the preservation of much needed affordable housing units in the area,” notes Baez, First Vice President Investment Sales.
Located at 650 North Beneva Road in Sarasota, Fla. Beneva Oaks is a project-based, section 8 community located in close proximity to Downtown Sarasota. The property was originally developed in 1991 under the HUD Section 202 program and has provided affordable housing for head of household disabled residents since inception.
The building houses 40 residential homes, a leasing office, and a community recreation room for the residents featuring wide-screen television for entertainment and a fully equipped kitchen. The apartment homes are a mix of one-bedroom/one-bathroom units, and two-bedroom/one-bathroom units offering handicap accessible units in both floor plans. Residents enjoy amenities such as an on-site leasing office and maintenance, a community recreation room, laundry facilities, and a service coordinator. The community also offers exterior amenities such as a large furnished, enclosed screened patio and a shady, landscaped outside area featuring sitting and picnic areas.
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.