Marcus & Millichap Arranges the Sale of a 104-Unit Apartment Building in Jacksonville

Jacksonville, FL, July 26, 2017 --(PR.com)-- Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Belle Rive Club, a 104-unit apartment property located in Jacksonville, Florida, according to Ari Ravi, regional manager of the firm’s Tampa office. The asset sold for $7,600,000.

Francesco P. Carriera and Michael P. Regan, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by Francesco P. Carriera and Michael P. Regan.

Belle Rive Club is located at 8715 Belle Rive Boulevard in Jacksonville, Florida.

About Marcus & Millichap (NYSE: MMI)
With over 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry's most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com