ST.
PETERSBURG, Fla., April 29,
2024 /PRNewswire/ -- JBM® Institutional
Multifamily Advisors has brokered the sale of the 357-unit
multifamily community – The Marquis of Tampa, now known as Windsor Highwoods
Preserve. This is the 2nd time JBM® has sold the
1998-built Tampa asset.
Jonathan Shechtman &
Brian Kennedy, the partners of
Axonic Properties and sellers of Marquis, first transacted with
JBM® in 2015 and have worked with them on 8 separate
transactions in the past 9 years. Mr. Shechtman states, "Axonic
Properties has done close to $400,000,000 in transactions with JBM®
in Florida. Their team is highly
analytical, provides constant communication, and achieves maximum
pricing."
About The Marquis
The Marquis of Tampa is
comprised of large, townhome-style units with SFR-like features
such as attached, direct-entry one and two-car garages. The
Property has 36, two-story residential buildings with units
averaging 1,199 SF. 240 classic units remain which allows the buyer
to implement the already proven interior value-add renovation
program.
Amenities
Notable amenities include two resort-style pools with jetted hot
tubs, brand new community clubhouse with state-of-the-art fitness
center, business center, theater room, and Parcel Pending lockers,
a summer kitchen with gas grills, dog park, and outdoor jogging
track with fitness equipment. The entire Property is a controlled
access, gated community.
Unit Features
Units are comprised of one, two, three, and four bedrooms. The
upgraded kitchens feature stainless-steel appliances, new cabinet
door fronts with brushed nickel hardware, stainless steel sink with
pulldown gooseneck faucet, tile backsplash, and updated light
fixtures.
Location
Tampa was recently named the #1
Best Place to Live in Florida by
Forbes. The Property has excellent connectivity to Interstate-75,
Interstate-275, and Bruce B. Downs Boulevard which provides
convenient access to major employment centers in the submarket and
greater Tampa Bay MSA. The Property is located less than a half
mile from the Highwoods Preserve Corporate Campis (800K+ SF of
office space with national tenants).
About JBM®
JBM® holds a 70%+ market share across Southwest Florida and is the #1 ranked
boutique brokerage firm in the U.S.A. despite only transacting in
Florida. Green Street's 2023
national multifamily broker rankings ranks JBM® as
the #1 highest average sold price per transaction throughout the
entire U.S.A. and #1
highest average sales price per unit throughout Florida ($320K/unit). JBM® has a lifetime
transactions volume over $19.4
billion and 168,000 units.
JBM – Available Properties
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SOURCE JBM Institutional Multifamily Advisors