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Marcus & Millichap Brokers $15M Sale of St. Pete Beach MF Property
Marcus & Millichap has arranged the $14.5 million sale of Sand Cove Apartments, a 72-unit apartment property in St. Pete Beach.
Located at 3813 Gulf Blvd., the 1970’s-built community is the largest multifamily neighborhood in St. Pete Beach. All units at the property feature water and pool views.
Ned Roberts, Adam Podbelski and Jason Hague of Marcus & Millichap’s Tampa office represented the seller, a Florida corporation, in the transaction. The buyer, a limited liability company, was advised by Roberts, Podbelski and Hague.
“This was one of the most difficult deals we’ve transacted on during our tenure at Marcus & Millichap,” said Hague. “Despite some major hurdles along the way, we were able to work as team to get this deal to the finish line. We ended up finding a buyer who shared our vision for the future potential of this asset, and we’re excited to see that vision executed over the next few years.”
For comments, questions or concerns, please contact David Cohen
- ◦Sale/Acquisition
