St. Petersburg, FL – September 22, 2011 – (RealEstateRama) — The CBRE Multi-Housing Group in Tampa announced today the sale of the 18-unit Queen Anne Apartments in St. Petersburg to Queen Anne I LLC for $640,000. CBRE Associate, Matthew Baldwin provided seller representation for sale of the bank-owned asset.
The property, located in the Disston Heights neighborhood, generated significant interest and was under contract within a week of hitting the market. New ownership plans to complete minor renovations to the property.
Baldwin specializes in multi-housing investment sales throughout the greater Tampa Bay area, focusing on assets with up to 100 units. He works primarily with private owners, investors, and lenders..
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.
Contact:
Elizabeth Cross
305.428.6373
elizabeth.cross (at) cbre (dot) com
Lauren Crawford
813.273.8482
lauren.crawford (at) cbre (dot) com
