Marcus & Millichap arranges the sale of Sophia Villa, a 22-unit apartment property in Tampa, Fla.

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Sophia Villa
Marcus & Millichap announced the sale of Sophia Villa, a 22-unit apartment property located in Tampa, Fla.

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Sophia Villa, a 22-unit apartment property located in Tampa, Fla. according to Chris Travis, regional manager of the firm’s Tampa office. The asset sold for $1,200,000.

Ned Roberts, CCIM, Adam Podbelski, and Jason Hague, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was also secured and represented by Ned Roberts, CCIM, Adam Podbelski, and Jason Hague.

“The seller initially attempted to sell this asset themselves. 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,” says Roberts. “We subsequently managed through a tough contract negotiation process and COVID-19 related challenges. “Ultimately, we led this deal to a successful closing, at contract price,” added Roberts.

Sophia Villa is located at 13102 North 20th Street in Tampa, Fla, minutes from I-275, University of South Florida and Haley VA Medical Center. The property is also a short commute to Downtown Tampa & Westshore Business District.