LARGO, FL, May 18, 2021 – 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 San Makayla Apartments, a eight-unit apartment property located in Largo, Florida, according to David G. Bradley, regional manager of the firm’s Tampa office. The asset sold for $1,065,000.
Sebastian Harris, Ned Roberts, Jason Hague and Adam Podbelski, investment specialists in Marcus & Millichap’s Tampa office, were able to procure a buyer for the property on behalf of the seller, a limited liability company.
“This sale represents the 4th highest price per unit sale, for a commercial multifamily investment property in the city of Largo. The team and I were very excited to have been part of it. The buyers were attracted to the property because of its location, the value-add nature of the deal, and the unit mix of all two-bedroom two-bathroom units with washer dryer connections,” said Harris.
San Makayla Apartments is located at 3305 Camelot Dr in Largo, FL. The eight-unit property is constructed of concrete block, each unit was sub-metered for water and sewer, and 100 percent on the units were two-bedroom two-bathroom floor plans.
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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 8,954 transactions in 2020 with a value of approximately $43 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.