ALTAMONTE SPRINGS, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Emeritus at Altamonte Springs (top left photo), a 62,981-square foot Assisted Living and Alzheimer’s community located in Altamonte Springs, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.
The asset commanded a sales price of $3,200,000.
Ms. Krone Weidler (lower right photo), a senior associate and seniors housing specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company based out of Seattle, Washington. Ms. Weidler also represented the buyer, a limited liability company based out of Maryland.
Emeritus at Altamonte Springs is located at 433 Orange Avenue. This premier Assisted Living and Alzheimer’s community is set on five acres of beautifully landscaped grounds with an outdoor courtyard and swimming pool.
“The buyer is planning extensive renovation and expects upside in occupancy and rents.” says Ms. Weidler.
Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
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