OCALA, FLA. — Cushman & Wakefield has arranged the $29.4 million sale of Tuscany Place, a 288-unit, value-add apartment community located at 3420 S.W. 34th St. in Ocala. A partnership between Gainesville, Fla.-based The Collier Cos. and Houston-based ApexOne Investment Partners acquired the asset from Richmond, Va.-based GrayCo Inc. Jay Ballard and Ken Delvillar of Cushman & Wakefield’s Orlando Capital Markets Multifamily Advisory Group represented GrayCo in the transaction. Built in 1997, Tuscany Place features one-, two- and three-bedroom units averaging 1,126 square feet. The average rental rate is $858 per month, and the community features a resort-style pool, heated jacuzzi, 24-hour laundry center, pet walk, playground, resident business center, 24-hour fitness center, jogging path, two-car wash areas with vacuums, barbecue grills, lighted tennis court, professional landscaping and two VIP/guest suites.
Built in 1997, Tuscany Place in Ocala, Fla., features one-, two- and three-bedroom units averaging 1,126 square feet.
Cushman & Wakefield Arranges $29.4M Sale of Multifamily Property in Central Florida
167