TAMPA, Fla., June 29, 2020 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 2608 West Swann Avenue, a 6-unit apartment property located in Tampa, Fla., according to Chris Travis, regional manager of the firm’s Tampa office. The asset sold for $630,000.
Miles Tombrink, Casey Babb, CCIM, Luis Baez, CCIM and Shawn Rupp, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.
“2608 West Swann provided investors the opportunity to acquire a value-add deal in the class A submarket of Hyde Park in Tampa, Fla. Despite the challenges brought on by COVID-19, we were able to procure 9 written offers due to our top-notch marketing platform before coming to terms with the buyer and closing at contract price,” said Miles Tombrink.
2608 West Swann Avenue is located in Tampa, Fla. Located minutes away from major demand drivers and points of interest. 2608 West Swann Avenue consists of one building, totaling six units. The property is constructed of concrete block with a pitched shingle roof. Units consist of one-bedroom/one-bathroom and two-bedroom/one-bathroom units averaging 580 square feet. Tenants are afforded some of the best amenities for like-kind rentals as the property includes covered parking and an on-site laundry facility. Recent capital improvements include new windows and replacement of half of the central HVACs.
2608 West Swann Avenue is conveniently located steps from South Howard Avenue, a bustling area of South Tampa that provides access to hundreds of shops, bars, restaurants and entertainment. Situated in Hyde Park and just minutes from major attractions, the property offers tenants a central location with convenient access to many activities. Major points of interest in close proximity to 2608 West Swann Avenue include Memorial Hospital (0.09 Miles), Tampa’s SoHo District (0.26 Miles), Hyde Park Village (0.68 Miles), University of Tampa (1.43 Miles) and Downtown Tampa (1.87 Miles). Located 1.22 miles from 2608 West Swann Avenue, is Interstate 275, giving access to Saint Petersburg to the West, as well as Brandon, Plant City, Lakeland and Orlando to the East.
About Marcus & Millichap (NYSE: MMI)
With over 2,000 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 9,726 transactions in 2019 with a value of approximately $50 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.