Marcus & Millichap has brokered the $2.9 million sale of Summerhill at Meadowcrest, a 28-unit apartment property in Crystal River.

Located at 6000 West Poplar Springs Circle, the community offers a unit mix of two- and three-bedroom units. Floor plans at the community average 1,360 square feet. Summerhill at Meadowcrest is located nearby the Suncoast Parkway Extension.

Jason Hague, Adam Podbelski and Ned Roberts of Marcus & Millichap’s Tampa office represented the seller, a limited liability company, in the transaction. The buyer was also a limited liability company.

“Summerhill was a typical multifamily transaction until COVID-19 hit the US, at which point all semblance of a typical transaction went out the window,” said Hague. “Our team was able to expertly navigate the due diligence period despite the fact we were dealing with an international investor during a worldwide pandemic.”

For comments, questions or concerns, please contact David Cohen