Featured Listings
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GOLF |
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Pasadena Yacht and Country Club Listing Agents: Steven Ekovich, Matthew Putnam, Christopher Karamitsos |
The Pasadena Yacht and Country Club is a private, invitation-only, golf and yacht club located in the Tampa/St. Petersburg MSA. The club is the focal point of a gated country club and marina community which consists of water-front homes that range in price from $500,000 to $7,000,000. Built in 1924, and designed by Wayne Stiles, the championship golf course has a storied past and has served as host venue for the St. Petersburg Open in the 1950’s and 1960’s. |
MULTIFAMILY |
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Terrace Square Apartments Agents: Casey Babb, CCIM, Luis Baez
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Terrace Square Apartments is a 25-unit, garden community located in Tampa, Florida between the University of South Florida and Temple Terrace, a thriving incorporated city just outside of Tampa with the vision to be “…an amazing place to live, work, play and learn.” Terrace Square presents investors with the opportunity to acquire a well-located, turn-key, fully stabilized asset with value-add potential through increasing rents. Terrace Square is located in northeast Tampa just west of Interstate 75 and only minutes from Interstate 4, allowing ease of access to other parts of the region and specifically other major employment and destination centers. |
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Prospect Towers Apartments Agents: Francesco Carriera, Michael Regan |
Prospect Towers Apartments is a 208-unit, multifamily community located in the city of Clearwater, Florida which is in Pinellas County. Currently, the property is operated as an age-restricted community in which residents must exceed the age of 62 years, although this is non-binding and the property has the potential to lease as a market rate community. Furthermore, 23 units are restricted by a LURA which restricts 23-units (11 percent of property) to leasing to residents with no more than 80 percent of area median income (AMI). Of these 23 affordable units, at least five must be maintained at ‘Low’ HOME rents and up to 18 may be maintained at ‘High’ HOME rents. Due to the current owner’s prerogative, the remaining 185 non-restricted units are also held at affordable, below-market levels. Although, these units are permitted to rent freely at market rate as long at the 23 restricted units comply with the LURA. The Property consists of one, 17-story residential building as well as an additional one-story building that serves as the maintenance shop. The residential building is comprised of 96 efficiency units ranging from 384 to 411 rentable square feet and 112 one-bedroom/one-bathroom units with 530 rentable square feet. |
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Sheldon Palms Agents: Michael Donaldson, Nicholas Meoli |
Sheldon Palms is a 312-unit, garden-style community, located within the Town and Country submarket of Tampa, which is within Hillsborough County, Florida. The property is positioned with frontage to State Road 589 (Sheldon Road) and less than one mile north of the Sheldon Road, West Hillsborough Avenue and Memorial Highway intersection. West Hillsborough Avenue is a major area east/west thoroughfare which provide access within minutes to Interstate-275, Interstate-4, Interstate-75 and the Tampa International Airport. Also in the immediate area is International Plaza, Tampa’s premier shopping mall featuring over 200 stores and major anchors like Nordstrom, Neiman Marcus & Dillard’s, and finally the Westshore Business District, Tampa’s leading business district with 12.75 million square feet of office space. More than 4,000 businesses and 100,000 employees call the area home. |
Retail |
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34th Street Crossing Agent: Moe Derbala |
Marcus & Millichap is pleased to offer 34th Street Crossings. This 52,120-square foot shopping center residing on 4.32 acres is located on busy 34th Street South (Highway 19) with over 38,000 vehicles per day in Saint Petersburg, Florida (Tampa MSA). The property is currently 97 percent occupied and offers an investor a stable asset with 51 percent of the center consisting of national tenants, such as ALDI, DaVita and Bank of America, in addition to a great mix of local tenants. The center is well-maintained and has had multiple capital improvements projects completed within the past few years. An outparcel to the subject property is offered separately and resides on 0.57 acres. |
Self Storage |
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Out-Back Self Storage Agents: Michael A. Mele, Luke Elliott, Brian Baldwin |
Out-Back Self Storage is a great opportunity for an investor to buy a high quality, stabilized self-storage facility with high occupancy rates. Constructed in 2006 and expanded in 2009, the facility is situated on approximately 3.32 acres and consists of 219 units, for a total of 23,750 net rentable square feet. There is vacant land on the property that could accommodate an expansion of approximately 10,000 to 15,000 square feet. |
Hotel |
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Ramada Waterfront Sarasota Agents: Jonathan S. Ruprai, Dennis Hopper |
The Ramada Waterfront Sarasota is a 136-room, full-service, interior and exterior corridor hotel located on Sarasota Bay in Sarasota, Florida. The subject property was constructed in 1959, fully renovated in 2011 and consists of four buildings ranging from one to two stories. The hotel houses 187-rooms of which 39 are accessed via interior corridors, and 48 rooms are privately owned condos. Out of the remaining rooms 27 have been fully-renovated with Tommy Bahama-inspired improvements including tiled floors, FF&E improvements and bathroom improvements and 11 rooms are currently being renovated. |
