TAMPA, FL-- Grubb & Ellis|Commercial Florida recently negotiated REO sales of six 2,650 square foot waterfront condominiums on Treasure Island for a total of $2,956,000.00.
Nat Barganier (top right photo), executive director of the Grubb & Ellis|Commercial Florida Distressed Property Services Group, negotiated the six sales to multiple local buyers, and was also the court appointed receiver of the St. Petersburg based bank-owned property.
Bargainer said the condominiums were part of a portfolio of nine bank-owned luxury Serena Bay Condominiums (lower left photo) at 260 108th Ave. in Treasure Island overlooking Boca Ciega Bay.
Grubb & Ellis|Commercial Florida handled the sale of the other three condominiums earlier this year for $1.995 million.
“For the buyers, these sales represent tremendous value for high-end residential property. For the lender, we are able to remove more distressed properties from their books at an agreeable price,” said Barganier.
Contacts:
Nat Barganier 813-639-1111 ext. 205
Jeffrey Sweeney, SIOR 407-481-5387
Larry Vershel Communications 407-644-4142
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