CLEARWATER, FL, Nov. 3, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Lady Mary Drive Apartments (top left photo), a 20-unit apartment property located in Clearwater, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.
The asset commanded a sales price of $730,000.
The buyer, a local housing authority, was secured and represented by Casey Babb (bottom right photo), CCIM and senior associate in Marcus & Millichap’s Tampa office.
“The transaction took almost a year to complete since the buyer utilized federal grant money from the Neighborhood Stabilization Program to purchase the property. Their plan is to provide public housing after rehabbing the units”, said Babb.
Lady Mary Drive Apartments was built in 1972 is located at 30 and 110 Lady Mary Drive.
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
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