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Tampa Bay-Lakeland
Business Observer Friday, Jul. 29, 2011 11 years ago

Tampa's Marbella sells for $2M

The 132-unit complex went for $17.54 per square foot.

TAMPA — Marbella Apartments, a 132-unit complex occupying 116,880 square feet in Tampa, sold for $2.05 million, according to Marcus & Millichap Real Estate Investment Services, which brokered the deal.

Neither party identified itself specifically in a release announcing the transaction. The seller is “a Florida-based partnership,” the release says, while the buyer is identified only as a “private investor.”

Built in 1977, Marbella's 132 units are composed of 96 one-bedroom apartments and 36 two-bedroom units. The complex is located at 12406 N. 15th St.

Nicholas Meoli, an associate with Marcus & Millichap, says the listing attracted “12 offers in less than 60 days, including several from foreign investors.”

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