Miles Tombrink

Associate

Email: Miles.Tombrink@MarcusMillichap.com
Phone:
(813) 387-4739 – Direct
(813) 716-2781 – Mobile

Luis Baez, CCIM

First Vice President Investments

Email: Luis.Baez@MarcusMillichap.com
Phone:
(813) 387-4849 – Direct
(813) 767-6275 – Mobile

 

The Grand is a conventional 24-unit apartment community located in Tampa, Florida in Hillsborough County situated on 1.15 acres. The property consists of two, two-story buildings consisting of 16 two-bedroom/one-and-one-half-bathroom townhouses each 1,058 square feet; one, two-story building consisting of 4 two-bedroom/one-bath units each 702 square feet; and two, one-story buildings consisting of 4, two-bedroom/one-bath units each 812 square feet. All five buildings are 1980’s construction of concrete block with a painted stucco façade, and all with pitched shingle roofs. All units feature central HVAC units and 22 of the 24-units have washer/dryer connections. The townhome layouts also feature dishwashers and an area in the back that can serve as a semi-private patios. All units are sub-metered for water/sewer consumption, and all units separately metered for electricity usage. Residents are convenienced by the close proximity to an abundance of jobs and public transportation giving them easy access to other parts of the Tampa metro.

The Grand is conveniently located one block south of Busch Boulevard, a major east-west thoroughfare providing access to major interstates and state highways. Situated just minutes from major employers and employment hubs, the property offers residents a central location with convenient access to many jobs. Major points of interest in close proximity to The Grand include Busch Gardens and Adventure Island (0.92 miles and 3,000 employees), University of South Florida (2.0 miles and 16,000 employees) and University Mall (3.0 miles) which is undergoing a massive mixed-use repositioning and bringing in major national tenants. Located 3.5 miles from The Grand is Interstate 275, giving access to Downtown Tampa (60,000 employees and 20 minutes drive) and Westshore Business District (94,000 employees and 25 minutes drive).

• Stabilized Asset with Upside Potential Through Increasing Rental Rates
• All Two-Bedroom Units with Majority Townhouse Layouts
• Concrete Block Construction
• Tenants Responsible For All Utilities
• The Parking Lot Has Been Repaved and All Roofs Have Recently Been Replaced

• Located in an Infill, High Rental Demand Submarket
• In Proximity to Major Demand Drivers Including Large Employment Hubs and Highly Desirable Points of Interest
• Within the Tampa Innovation District
• Within Minutes of Three Major Interstates for Easy Access Throughout Tampa Bay

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