September 17, 2019
The Multifamily Firm is proud to announce the sale of the Arlington Antiqua Apartments in Sarasota Florida. Arlington Antigua is a 15 unit apartment complex that consists of 3 buildings, on 1 parcel of land. The property sold above asking price at $1,925,000 ($128,333 per unit) with 10 offers generated during the “call for offers” process. The buyer of the property secured the acquisition with favorable Agency financing provided by Sabal Capital, which was a major component to the attractiveness of the offering.
Arlington Antigua sits almost directly across the street from one of Sarasota Counties top employers, Sarasota Memorial Hospital, and thus generated an enormous amount of interest, with 368 registered buyers from 12 different states. Phil Ginexi & Kyle Keelan from The Multifamily Firm represented the seller in the marketing & sale of the asset.