Monthly Archives: September 2013

OFF-MARKET ** 88-Units for Sale in Sarasota, FL

88-Units for Sale in Sarasota, FL

Apartments for sale in Sarasota.  Contact Sean Dreznin at 941-961-8199

Apartments for sale in Sarasota. Contact Sean Dreznin at 941-961-8199

NAI Tampa Bay & Keller Williams are proud to offer the exclusive right of sale for the University Oaks/Sarasota Place Apartment Complex in Sarasota Florida.

The University Oaks/Sarasota Place Apartments are an eighty-eight unit apartment complex located at 4913-4815 Old Bradenton Road. The entire complex is comprised of two bedroom/one bathroom apartments and also has a beautiful swimming pool on the premises for the tenants enjoyment. The buildings are garden style apartments that have outdoor entrances, with concrete block construction. The roof of the complex is mostly hip with some gable. For more information regarding the building structures please see the “building info” document in the virtual deal room.

The property is located right off of University Pkwy and Tamiami Trail/US 41. The complex is in close proximity to the Ringling Museum, University of South Florida, New College of Florida, various shopping center destinations, distinguished restaurants, and moments from the Sarasota’s magnificent Bayfront.

Click here above for Access to detailed property information, including rent rolls and income/expense data

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230+ Unit Apartment Complex for sale in Bradenton, FL

NAI Tampa Bay is proud to offer the 234 Unit complex for sale.

Sean Dreznin, Phil Ginexi & Kyle Keelan from NAI are proud to offer the Belmont Park Apartments For Sale

Sean Dreznin, Phil Ginexi & Kyle Keelan from NAI Tampa Bay are proud to offer the Belmont Park Apartments For Sale

If you would like more information or questions answered, please click the link below and visit our secure deal room.

<a href="http://dealroom.reiwise.com/ca.aspx?data=fj73PjmSWrsZ1YVsKgSdGQ==&quot; title="Real Estate Deal Room“>http://dealroom.reiwise.com/ca.aspx?data=fj73PjmSWrsZ1YVsKgSdGQ==

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Benderson Park & Mall pictures

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September 28, 2013 · 6:49 PM

QR Code to view 16-units for sale in Sarasota, fl

QR Code to view apartments for sale by Sean Dreznin

QR Code to view apartments for sale by Sean Dreznin

http://www.mfcre.com/listing/28680756

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26-Unit Classic Apartment Building For Sale in Bradenton, FL

26-Unit Classic Apartment Building For Sale in Bradenton, FL

by Sean Dreznin

Bradenton apartments for sale by Sean Dreznin & Andrew Haddad

Bradenton apartments for sale by Sean Dreznin & Andrew Haddad

NAI Tampa Bay & Keller Williams are pleased to offer the exclusive right of sale for the El Patio Apartment Complex. The El Patio Apartments are a 26 unit apartment complex located in Bradenton, Florida. The property is situated just one block South of the Manatee river. Within 1/2 mile of State Route 64 & South Tamiami Trail (US 41). The Apartments consist of two-story buildings which were constructed in 1924. The total square footage is approx. 15,132 Sq Ft. The buildings are garden style apartments that have outdoor entrances and a community courtyard.

Within the past few years substantial renovations and improvements have been completed on most of the units of the property, including new paint, new kitchen cabinets, new appliances, refurbished wood flooring, and new closet doors. Units have spacious lanai’s and access to the courtyard for the tenants enjoyment.

The property is just South of Manatee Memorial Hospital, and in close proximity to rejuvenated Downtown Bradenton, Manatee County Government offices, shopping and restaurants.

CLICK HERE <——===== For Loopnet listing

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NAI Tampa Bay is proud to present for sale, a 30+ unit Apartment Complex in Sarasota, FL.

NAI Tampa Bay is proud to present for sale, a 30+ unit Apartment Complex in Sarasota, FL.

via Sean Dreznin

The Apartments of Sarasota

NAI Tampa Bay; Sean Dreznin are proud to present the Margate Apartments in Sarasota, FL FOR SALE

NAI Tampa Bay; Sean Dreznin are proud to present the Margate Apartments in Sarasota, FL FOR SALE

CLICK HERE <—-========

Please click link above, under attachments to access property information & virtual deal room.

The subject Apartments are a series of five buildings and a community pool. The property consists of 33 total units with a mix of (Thirty) 2 bedrooms and (Three) 3 bedrooms. For specific information
regarding each building, please refer to the building information document in the virtual deal room.

Within the past few years, especially when units have come available, substantial renovations and improvements have been completed on some of the units. Landscaping has been improved & maintained for the tenants enjoyment.

The property sits just off Beneva Rd in a prime location in Sarasota. You are located within walking distance to Publix, shopping, restaurants, Bobby Jones Golf Course and moments from Cardinal Mooney High School.

The subject Apartments are located just North of Fruitville Rd and is minutes from I-75.

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Beyond the Sexy Six: The Hottest Secondary Markets for Multifamily Investment

Looking at tertiary markets: The Hottest Secondary Markets for Multifamily Investment

Contact Sean Dreznin at NAI Manasota for your Commercial Real Estate needs!

Contact Sean Dreznin at NAI Manasota for your Commercial Real Estate needs!

By:Jerry Ascierto

New York; Boston; Washington, D.C.; the Bay Area; Southern California; and Seattle. They’re called the “sexy six,” and they led the multifamily industry out of the recession. Investor interest in those core markets has been intense since mid-2009, leading to rabid bidding wars and ever-higher price tags.

But in some ways, the sexy six may have run their collective course. Capitalization rates have gone so low in those areas reaching and, in some case, outpacing their pre-recession peaks that a growing list of investors is searching for yield in less-celebrated cities.

The trickle-down of capital is well under way markets like Denver, Portland, Dallas, and Houston have captured increasing inflows of investment over the past 18 months. In fact, Denver saw a 170 percent increase in apartment transaction volume last year, while Portland’s deal volume climbed 61 percent. And Dallas and Houston saw increases of 41 percent and 27 percent, respectively, last year, according to New York based market research firm Real Capital Analytics (RCA).

Austin saw the most dramatic improvement last year in apartment values. The capital city led the nation last year in price appreciation, with a 42 percent rise in price per unit over the year before, reaching nearly $107,000. Cap rates fell about 160 basis points (bps) in Austin last year and are now averaging about 5.8 percent???putting it on par with markets like Los Angeles and San Diego according to RCA.

Raleigh-Durham has popped up on a lot of radars over the past year, thanks to a concentration of technology-focused jobs and a young, well-educated workforce. Last year, the market saw a 21 percent appreciation in pricing, reaching $99,589 per unit, and cap rates compressed about 60 bps year over year, according to RCA.

The trickle-down of capital is only starting to be felt in secondary markets, and it will take awhile before the trend reaches down further, to tertiary markets. (I.E. – Sarasota, Bradenton, etc) Apartment cap rates in tertiary markets have remained between 7.50 percent and 7.75 percent for almost two years, according to RCA.

Markets That Saw the Most Cap-Rate Compression Last Year
2010 2011 Difference
1. Detroit 10.8 7.8 -3
2. Hartford 8.2 6.6 -1.6
3. Palm Beach 6.9 5.3 -1.6
4. Austin 7.4 5.8 -1.6
5. Inland Empire 7.5 6 -1.5
6. Kansas City 9.3 8 -1.3
7. Minneapolis 7.9 6.8 -1.1
8. Nashville 7.9 6.8 -1.1
9. Cincinnati 10 9 -1
10. Cleveland 8.4 7.4 -1
Secondary Markets With Most Improved Pricing in 2011
2011 Avg. $/Unit Change vs. 2010
Austin $106,735 42%
Raleigh $99,589 21%
Nashville $77,262 18%
Palm Beach $182,871 18%
Columbus $39,363 16%

Source: Real Capital Analytics

Posted by Sean Dreznin on Sep 18, 2013

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