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Tuesday, March 9, 2010

A 312-unit Multi-Family Community sells


NORTH PORT, Florida - News for today from Triple Net Lease Properties is on JBM of Marcus & Millichap. JBM is a well established multifamily brokerage and advisory team with a focus on Exclusive Seller Representation, for the analytical evaluation, marketing and disposition of institutional grade portfolios and single large apartment communities. JBM has announced the sale of Riley Chase Apartments in North Port, Florida. North Port is about 16 miles wast of Venice, Florida, near Sarasota.

Riley Chase is a Class B, 312-unit multifamily community, was built in 2001. It is situated close to I-75. The community consists of 13 three-story residential buildings of wood-frame and stucco construction. The buildings feature one- and two-, and three-bedroom floor plans ranging in size from 687 sf to 1,160 sf. NNN Commercial Real Estate has invested in some Apartment Buildings in this area. Although Apartment Buildings are not Net Lease Properties they can still be a valuable addition to your Commercial Real Estate portfolio.

These Apartments for rent in North Port, Florida are a wonderful deal fro Tenants to lease. These apartment rental homes are a haven of peace and quiet. The tenants will lease apartments that are nestled in a picturesque setting and surrounded by beautiful nature preserves. This Investment Property has a community which offers floor-plans for rent with cable connections, stackable washer-dryer connections and well-equipped kitchens. These Apartment Units were constructed with solid ultra-quiet materials, and concrete floors and walls help keep your home quiet and energy efficient. This Investment Property is close to everything, yet hidden just off the beaten path for privacy and comfort.

Commercial Real Estate
11420 U.S. Highway 1
North Palm Beach, FL 33408
(561) 707-7712‎