Saturday, October 2, 2010

Marcus & Millichap Sells 14,273-SF Assisted Living Facility in Pinellas Park, FL

PINELLAS PARK, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Country Inn (top left photo), a 14,273-square foot limited mental health facility located in Pinellas Park, Florida, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $1,000,000.

Kenneth J. Carriero, (lower right photo)  Director, National Seniors Housing Group and Vice President Investments in Marcus & Millichap’s Tampa office had the exclusive listing to market the facility on behalf of the seller and as a transaction broker procured the buyer, a limited liability company based out of Washington.
 The building consists of 23-units/42-beds and is located at 7600 78th Avenue North.  The facility is 14,273 square feet and is situated on 3.08 +/- acres.   

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

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