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Church Avenue Apartments sell for $665,000
By Mark Holan
Tampa Bay Business Journal
Published: Apr 9, 2013

Church Avenue Apartments, a 19-unit apartment community in Tampa, has sold for $665,000, or $35,000 per unit.

Casey Babb, and Earle Hyman of Marcus & Millichap Real Estate Investment Services represented two Miami couples selling the property, Nicomedes and Sylvia Leon, and Mario and Emma Leon.

Earle Hyman and Nicholas Meoli of Marcus & Millichap represented the California-based 1031-exchange buyer, listed in court records as Ray Joseph Enterprises Inc.

Built in 1971 on 2.5-acres at 6408 N. Church Ave., the property closed for 98 percent of the asking price, according to a statement from the real estate company.

Other big transactions in the region includea $1.2 million mobile home park in Bradenton and a $500,000 former bank branch in Lakewood Ranch.

Mark Holan's beats include commercial real estate and residential real estate.



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