Carriera Regan

Recent Closings

A sampling of our recent closings.

MULTIFAMILY

Marchi Apartments

Marchi Apartments
Daytona Beach, FL
$3,060,000

Listing Agents: Michael DonaldsonNicholas Meoli

Selling Agents: Joe LaFleur, Christopher Minchin

                                

  • 100 Percent Two and Three Bedroom Units
  • 97 Percent Occupied with Ability to Increase Rents
  • Year One Cash-on-Cash Return Over 19 Percent
  • Some of the Largest Units in Submarket with Average Size of 1,095 Rentable Square Feet
  • Recently Painted Exterior and Resurfaced Parking Lot
  • 1.5 Acre Fish Pond
  • Minutes to Municipal Airport and Atlantic Beaches

This is a 37-unit, garden-style, multifamily community located off Wayne Avenue in New Smyrna Beach. The property is located across from the recently renovated New Smyrna Beach Municipal Golf Course and is only five minutes from the Atlantic beaches. New Smyrna Beach is located approximately 20 minutes south of Daytona Beach in Volusia County. The city’s beaches have been considered the premier “weekend getaway” for much of Central Florida given its close proximity to Orlando. Built in 1980, the property consists of six buildings of frame construction resting on approximately 4.2 acres and includes a 1.5 acre fish pond. The property has been recently renovated with upgrades to the units including but not limited to new carpeting, tile flooring, fixtures and windows. Additionally, the buildings have been recently painted and the parking lot was recently resealed and restriped.

Temple Terrace Townhomes

Temple Terrace Townhomes
Vero Beach, FL
$1,050,000

Listing Agents: Michael DonaldsonNicholas Meoli, Adam Podbelski

Selling Agents: Michael DonaldsonNicholas Meoli,  Adam Podbelski

  • Recently Renovated Units
  • Large Private Balconies
  • Community Pool
  • Central A/C
  • Concrete Block Construction

Temple Terrace Townhomes is a 24-unit apartment community located in the bustling city of Tampa, Florida. Built in 1980, the complex consists of 12 two-story duplexes constructed of concrete block on the first floor and wood frame on the second floor. The property is comprised in total of 24 two-bedroom/one-bathroom townhome units with approximately 848 rentable square feet. Sitting collectively on approximately 0.84 acres, eight of the duplexes are individually parceled, while the remaining four duplexes are contained on two parcels. Boasting private patios/porches for each unit, additional amenities include central air-conditioning and washer/dryer connections in all units. While pest control is included in the rent, residents are responsible for water, sewer, trash removal and electric utility expenses.

 

HOTEL

Holiday Inn

Holiday Inn
Hammond, LA
$9,400,000

Listing Agents: Jonathan S. Ruprai,

Selling Agents: Chris Gomes, Allan Miller

LA Broker of Record – William Hoffpauir

  • 97-Room Full-Service Holiday Inn
  • 2010 Construction – Minimal to No PIP
  • TTM June 2013 $2.658 Million in Room Revenue
  • 65.4% Occupied | $114.78 ADR | $75.01 RevPAR | 129.3% RevPAR Penetration
  • $1,111,303 NOI (after Management and Reserve Fees)
  • Non-Recourse Assumable Debt – 17 Percent Down Payment +1 Percent Assumption Fee

This is a four-story, 97-room full-service hotel, constructed in 2010. The subject property is located in downtown Hammond at the intersection of Interstate 55 and Interstate 12; I-55 goes from LaPlace, Louisiana at Interstate 10 to Chicago; I-12 is an intrastate Interstate Highway located entirely within Louisiana. The strategic location of the Holiday Inn allows for easy access to both Baton Rouge and New Orleans.

Best Western Plus Madison Inn

Best Western Plus Madison Inn
Madison, FL
$3,150,000

Listing Agents: Jonathan S. Ruprai, Dennis Hopper

Selling Agents: Jonathan S. Ruprai, Dennis Hopper

  • 58-Room, Three-Story, Interior Corridor Best Western Plus
  • 1996 Construction – Originally Constructed as a Holiday Inn Express
  • Completely Renovated in 2010
  • Qualifies for Best Western’s Automatic Transfer – Minimal PIP Requirement
  • Ideal for an Owner/Operator
  • Absentee Ownership
  • Actual 2013 Room Revenue of $1,116,623

The Best Western Plus is a three-story, 58-room, interior corridor limited service hotel located in Madison, Florida. The hotel was constructed in 1996 as a Holiday Inn Express and underwent a thorough renovation in 2010, becoming a Best Western Plus in mid-February of 2011. Since the conversion, revenue has increased year over year.

The subject property is situated directly off of I-10 near I-75, and only a short drive from Tallahassee, FSU, Florida A & M University, North Florida Community College and Jacksonville. It is located against the Georgia border just south of Valdosta. Kayak tours, nature trails and scuba diving trips are all available less than 25 miles away at Lafayette Blue Springs State Park.

 

SELF STORAGE

Gandy & 4th Street Storage

Gandy & 4th Street Storage
St. Petersburg, FL
$10,200,000

Listing Agents: Michael A. Mele

Selling Agents: Michael A. Mele

                      

  • Climate-Controlled and Non-Climate Control Units
  • Secure Elevator Access
  • Enhanced Security Includes Electronic Access with Security Code, 24-hour Surveillance Cameras and an Advanced Locking System
  • Ground Floor Drive-up Access
  • Extra Revenue Generated Through Onsite Moving and Packing Supply Sales

Gandy at 4th Street Storage is located at 10111 Gandy Boulevard in St. Petersburg, Florida. Constructed in 2007, the facility is situated on approximately 3.54 acres and consists of 720 units for a total of 71,100 net rentable square feet.

The property sits on Gandy Boulevard in close proximity to the St. Petersburg/Clearwater Airport and centrally located in the Tampa Bay MSA. Gandy Boulevard has strong daily traffic counts of approximately 48,600 per day. The subject property is conveniently located in St. Petersburg which is found in Pinellas County, part of the desirable Tampa Bay MSA. According to the 2013 demographic report, the population within five miles of the subject property is 127,336 with an average household income of $63,286.

Doral Self Storage

Doral Self Storage
Miami, FL
$4,600,000

Listing Agents: Michael A. Mele

Selling Agents: Michael A. Mele

  • Located in the Highly Desirable Primary Market of Miami, Florida
  • Occupancy Rates are Below Market Averages – Indicating Room to Grow
  • Currently No Climate-Controlled Units at the Subject Location – Easy Conversion Will Dramatically Increase Revenue
  • Outstanding Visibility – Traffic Counts of Over 190,000 Vehicles Per Day
  • Great Demographics – Population of 470,262 Within a Five-Mile Radius
  • Close Proximity to Miami International Airport

Doral Self-Storage presents a great opportunity to invest in a stabilized, cash flowing self-storage facility located in the highly desirable primary market of Miami, Florida. This facility consists of 611 units for a total of 57,240 net rentable square feet. Units range in size from 15 square feet to 300 square feet and there are thirteen rentable parking spaces. All units are located on the ground level for easy drive-up access and hassle-free unloading from the driveways. The perimeter is entirely fenced and surveillance cameras are prevalent throughout the property. Access is only granted through electronic keypad entry, guaranteeing secure storage. Doral Self Storage features an on-site rental office and a second-story apartment that allows for easy and efficient on-site management and additional income generated through moving supply sales. The three large storage buildings were built in 1986 with formidable cement and concrete block construction.

Marcus & Millichap - The Mele Group Marcus & Millichap The Mele Group Marcus & Millichap Real Estate Investment Services Properties for Sale Client Services Blog Contact Us James Medefind