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Florida & Gulf Coast  + Central Florida  + Apartments  |  August 26, 2020
David Cohen
By: David Cohen

Marcus & Millichap Arranges $1M Sale of Tampa Apartment Property

Marcus & Millichap has brokered the $1.2 million sale of Sophia Villa, a 22-unit apartment property in Tampa. Ned Roberts, Adam Podbelski and Jason Hague of Marcus & Millichap represented the seller, a limited liability company, in the transaction. The buyer was also a limited liability company.

Located at 131 North 20th St., the property is nearby I-275, the University of South Florida and Haley VA Medical Center.

“The seller initially attempted to sell this asset themselves,” said Roberts. “After agreeing to an exclusive listing with our team, we were able help them secure an offer which put more net dollars in their pocket. We subsequently managed through a tough contract negotiation process and COVID-19 related challenges.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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