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 Sophia Villa, a 22-unit apartment property located in Tampa, Fla. according to Chris Travis, regional manager of the firm’s Tampa office. The asset sold for $1,200,000.
Ned Roberts, CCIM, Adam Podbelski, and Jason Hague, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured and represented by Ned Roberts, CCIM, Adam Podbelski, and Jason Hague.
“The seller initially attempted to sell this asset themselves. After agreeing to an exclusive listing with our team, we were able help them secure an offer which put more net dollars in their pocket,” says Roberts. “We subsequently managed through a tough contract negotiation process and COVID-19 related challenges. “Ultimately, we led this deal to a successful closing, at contract price,” added Roberts.
Sophia Villa is located at 13102 North 20th Street in Tampa, Fla, minutes from I-275, University of South Florida and Haley VA Medical Center. The property is also a short commute to Downtown Tampa & Westshore Business District.
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.
