Immokalee Apartment Residential Property Trades for $12M

Marcus & Millichap has arranged the $11.5 million sale of Oak Sanctuary Apartments, a 160-unit, Section 42 LIHTC apartment building situated in Immokalee, FL.

Oak Place Apartments is situated at 580 Oakhaven Cir in Immokalee. The area was constructed in 1993 of concrete block and contains all two- and also three-bedroom floorplans. At the time of sale, approximately three years continued to be on the Prolonged Low-Income Housing Contract (ELIHA).

Adam Podbelski, Ned Roberts, Jason Hague and also Sam Ferguson of Marcus & & Millichap’s Tampa office stood for the vendor, a limited obligation company, in the transaction. The buyer, a minimal obligation business, was likewise represented by Podbelski, Roberts, Hague and also Ferguson.

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David Cohen is Southeast Editorial Director at Connect Industrial Actual Estate. David is a media veteran with greater than 10 years of experience in journalism, copywriting and interactions across a range of functions.
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Released at Wed, 17 Mar 2021 16:12:38 +0000

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