JUST SOLD | Meridian Place - 232 Units in Tallahassee, FL
CBRE Florida Multifamily is pleased to announce the sale of Meridian Place. This transaction was executed off-market post the Covid-19 outbreak of March 12th. The offer was made with non-refundable earnest money on contract and is a testament of the strength and opportunity within the Tallahassee MSA
“This transaction represents one of the first properties placed under contract and closed since the Covid-19 lockdown in mid-March. Although the property exhibited some financial challenges related to operations, coupled with the uncertainty of today’s market, we were still able to garner significant interest. Activity resulted in reaching seller’s price expectations as well as a day one non-refundable earnest money deposit on contract. In today’s market, there are new challenges for both buyers and sellers. Our experience with having navigated these uncharted waters on 11 completed transactions post Covid-19, has benefited our clients.” - Francesco P. Carriera
For more information, please contact:
Executive Vice President at NAI Capital
4 年1031 Exchange upleg: https://www.loopnet.com/Listing/The-Shops-at-Dos-Lagos/15952239/