Monday, May 16, 2011
Casey Babb (middle right photo), CCIM, a senior investment specialist, and Luis Baez (lower left photo), investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the sellers, a partnership based out of Florida.
Babb made the following comments regarding this transaction. “As far as we know, Sandanay-Stonehenge was the first non-distressed property to trade in the University Tampa submarket in over three years.
“The seller had owned the property for over 15 years and financed 74 percent of the purchase price for the buyer, who was a foreign investment group with holdings in Europe, Canada, the Midwest and now Southwest Florida, which was instrumental in getting this deal closed.”
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700