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Florida & Gulf Coast  + Central Florida  + Apartments  |  February 28, 2020
David Cohen
By: David Cohen

Marcus & Millichap Brokers $1M Sale of Pinellas Park Apartment Building

Marcus & Millichap has arranged the $1 million sale of 78th Avenue Apartments, a 11-unit apartment property in Pinellas Park. The property is located at 4030 78th Avenue North, and is nearby downtown St. Petersburg.

Sebastian Harris, Adam Podbelski, Ned Roberts and Jason Hague of Marcus & Millichap’s Tampa office represented the seller, a limited liability company. The buyer was a private investor.

“Through our exhaustive marketing efforts, we were able to generate 14 written offers from local, out of state, and international investors,” said Harris. “The volume of activity further highlights the incredible demand we are seeing for value-add multifamily assets of all sizes in Florida.”

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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