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.”
-Via Connect Media: CRE
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