Marcus & Millichap Arranges Sale of Luxury Tampa Asset

The one-time hotel features a 15-slip marina.
The Mirasol Apartments

The Mirasol Apartments

Tampa—Marcus & Millichap has facilitated the $10.3 million sale of The Mirasol, a 58-unit luxury apartment community in Tampa. Frank Carriera, first vice president of investments in the company’s Tampa officealong with vice presidents Michael Donaldson, Nicholas Meoli and Michael Reganrepresented the seller and also procured the buyer.

Located at 84 Davis Blvd., close to downtown Tampa, the Mediterranean Revival-style Mirasol was built in 1925 as a luxury hotel, then repositioned as apartments almost 40 years later. It has a number of unique attributes, such as original, Mediterranean-influenced finishes and Gothic-inspired French doors and windows. The asset incorporates a seven-story building with two complementary three-story wings, two detached one-story buildings, and a 15-slip marina.

The landmark is “well positioned for long-term stability and growth, as the Davis Islands neighborhoodwhich has effectively been built out since the 1950shas the distinction of being one of the area’s most desirable places to live and having the highest occupancy,” said Carriera in a statement.

Image via The Mirasol Facebook page