Carriera Regan

Recent Closings

A sampling of our recent closings.

MULTI-FAMILY

Lo Garto Apartments

Lo Garto Apartments
Dunedin, FL
$9,400,000

Listing and Selling Agents: Francesco Carriera and Michael Regan

  • Concrete Block Construction Built in 1973
  • All Spacious Floor Plans with an Average of 850 Rentable Square Feet
  • Close Commute to Some of the Nation’s Top Beaches Including Clearwater Beach, St. Pete Beach, and Treasure Island
  • Located within the Most Densely Populated Surrounded by Many Large Employment Centers
  • Close Proximity to Two Major Thoroughfares: U.S. Highway 19 and Gulf to Bay Boulevard
  • High Barrier to Entry Market

Lo Garto Apartments is a 188-unit apartment community located in the city of Dunedin, Florida which is in Pinellas County. The property consists of six, two-story and three-story buildings and one, one-story building. The buildings are comprised of 94 one-bedroom/one-bath units with 728 rentable square feet, 82 two-bedroom/one-and-one-half-bath units with 960 rentable square feet and 12 two-bedroom/one and a half-bath units with 1,050 rentable square feet. All units have central heat and air-conditioning. Amenities include six on-site laundry facilities, fitness center, dog walking area, picnic areas, and a pool.

Cleveland Heights

Cleveland Heights
Lakeland, FL

Listing and Selling Agents: Francesco Carriera and Michael Regan

  • Excellent Mix of Efficiency, One, Two, Three-Bedroom and Townhouse Floor Plans
  • Spacious Floor Plans with an Average of Almost 900 Rentable Square Feet
  • Built in 1975 with Capital Improvements in 2012
  • Well Located in an Expanding Lakeland Market
  • Short Commute to Tampa, Winter Haven and Orlando
  • Within Five Miles of Lakeland Regional Medical Center

Cleveland Heights is a 236-unit multifamily community located in Lakeland, Florida which is in Polk County. The property consists of 31, one and two-story buildings which were constructed in 1975. The buildings are comprised of 32 efficiency units with 380 rentable square feet, 60 one-bedroom/one-bathroom units with 560 to 736 rentable square feet, 32 two-bedroom/one-bathroom units with 925 rentable square feet, 48 two-bedroom/one and a half bathroom units with 980 to 1,024 rentable square feet, 20 two-bedroom/two-bathroom units with 1,030 rentable square feet, 32 three-bedroom/two-bathroom units with 1,250 rentable square feet and 12 three-bedroom/two and a half bathroom townhouse units.

 

SELF-STORAGE

Safeguard 3 Property Portfolio

Safeguard 3 Property Portfolio
Tampa, FL
$25,000,000

Listing and Selling Agent: Michael A. Mele  

  • Three Property Portfolio
  • Located in the Highly Desirable Tampa Bay Market
  • Class “A” Self-Storage Facilities
  • Over 225,269 Net Rentable Square Feet
  • Management Offices
  • Climate and Non-Controlled Storage Units
  • Close Proximity to Major Retailers and Gulf Beaches
  • Excellent Visibility and Street Frontage

The Safeguard Self Storage Portfolio consists of three Class “A” facilities located in the Palm Harbor, Carrollwood and St. Petersburg areas of the Tampa Bay Metropolitan Region. Each property is conveniently located and offers a wide variety of amenities for potential customers. The properties have exceptional area demographics and great visibility. The portfolio consists of a total of 2,250 units and over 225,569 of net rentable square feet on 10.56 acres.

The portfolio is being offered at $25,000,000 or $110.83 per net rentable square foot, generating a current cap rate of 6.01% at list price. This investment presents a lucrative opportunity to acquire a Class “A” self-storage portfolio in the highly desirable Tampa Bay Metropolitan Region.

Pleasant Hill Self Storage

Pleasant Hill Self Storage
Kissimmee, FL
$11,735,000

Listing  Agents:  Michael A. MeleDouglas K. Mandel, and Christopher Everett

Selling Agents:  Michael A. Mele and Christopher Everett

 

  • Institutional Class Facility
  • 234 Rentable RV/Boat Parking Spaces (23% of Total Units)
  • No Direct Competition – Closest Comparable Facility is 8.5 Miles
  • Population in Kissimmee, Florida Has Increased 170%
  • 83,280 Net Rentable Square Feet
  • New Construction – Built in 2005 and Expanded in 2009
  • Currently 85% Physically Occupied

Pleasant Hills Self Storage is an institutional-class self-storage facility located at 4390 Pleasant Hill Road in Kissimmee, Florida. This facility consists of 981 units for a total of 83,280 net rentable square feet. The facility is 45% climate-controlled and the units range in size from 25 square feet to 600 square feet. There are also 234 parking spaces for RV and boat storage. The parcel stretches across approximately 14.74 acres. Constructed in 2006, Pleasant Hill Self Storage is the newest self-storage facility in the Kissimmee area. It was expanded in 2009 to include two additional storage buildings. Pleasant Hill is currently 85% physically occupied and 80% economically occupied.

 

HOSTING

Royal Celebration Inn

Royal Celebration Inn
Kissimmee, FL
$3,800,000

Listing Agents: Kent Hricko and Vincent Cortazar

Selling Agents: Outside Broker

  • Short Sale Opportunity
  • Rebranding Opportunity
  • Upside – ADR & Occupancy
  • Significant Discount to Replacement Cost
  • Significant Market RevPAR Growth
  • Close to Disney & Lake Buena Vista
  • Good Physical Product
  • Interior Corridor

This is a 222-room interior corridor limited service hotel located at the intersection of Irlo Bronson Highway and Highway 535 (Vineland Road). The Royal Celebration Inn is a five-story, three-building design all connected by covered walkways. The subject property has a large lobby with a spiral staircase, a swimming pool fronting a large scenic lake, and two guest elevators. The hotel features king or double beds, a daily free continental breakfast, wireless internet, a gift shop, and free shuttle service to all Disney properties.

Sleep Inn

Sleep Inn
Destin, FL
$3,590,000

Listing and Selling Agent: Jonathan S. Ruprai  

  • 76-Room Interior Corridor Sleep Inn
  • 1992 Construction
  • Fully Renovated in 2012 – Minimal-To-No PIP Requirement
  • Located in Destin, Florida
  • Located 0.5 Miles from the Beach
  • Situated Near Multiple Demand Generators
  • Increasing Revenue Trend

This is a two-story, 76-room limited service hotel located in Destin, Florida. The property was constructed in 1992 and recently went through a full renovation in 2010; therefore, there should be little-to-no PIP requirements.

The property is located on US Highway 98, 50 miles between Pensacola and Panama City, in Destin, Florida. US Highway 98 is a major east-west thoroughfare that connects Washington, Mississippi, to West Palm Beach, Florida.

The hotel is located in close proximity to several demand generators, including numerous beaches, the largest charter fishing fleet in the State of Florida, Henderson Beach State Park, the award-winning Regatta Bay Golf Course, Destin Commons and Big Kahuna’s Water and Adventure Park.

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