Marcus & Millichap Sells 62-Unit Apartment Property in Tampa, FL for $2.275 Million

 TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Raintree Oak (top left photo) , a 62-unit apartment property located in Tampa, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $2.275 million.

Robert Jinks (middle right photo), CCIM, senior associate and James Vestal (bottom left photo), associate in the firm’s Tampa office, facilitated the sale on behalf of the seller, a Miami-based private investor.

 The buyer, a limited liability company, was also secured and represented by Jinks and Vestal.

Raintree Oak was built in 1983 and is located at 12710 English Hills Court. 

“Even though this was a fractured condo deal, the property was being operated as a fully functioning apartment complex with high occupancy and was essentially a turnkey asset,” says Vestal.

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