JBM Institutional Multifamily Advisors recently brokered the sale of the 357-unit multifamily community – The Marquis of Tampa, now known as Windsor Highwoods Preserve.
This is the second time JBM has sold the 1998-built Tampa asset.
Jonathan Shechtman and Brian Kennedy, the partners of Axonic Properties and sellers of Marquis, first transacted with JBM® in 2015 and have worked with them on eight separate transactions in the past nine years.
“Axonic Properties has done close to $400,000,000 in transactions with JBM in Florida,” Shechtman stated. “Their team is highly analytical, provides constant communication, and achieves maximum pricing.”
The Marquis of Tampa is comprised of large, townhome-style units with SFR-like features such as attached, direct-entry one and two-car garages. The Property has 36, two-story residential buildings with units averaging 1,199 SF. 240 classic units remain which allows the buyer to implement the already proven interior value-add renovation program.
Notable amenities include two resort-style pools with jetted hot tubs, brand new community clubhouse with state-of-the-art fitness center, business center, theater room, and Parcel Pending lockers, a summer kitchen with gas grills, dog park, and outdoor jogging track with fitness equipment. The entire Property is a controlled access, gated community.
Units are comprised of one, two, three, and four bedrooms. The upgraded kitchens feature stainless-steel appliances, new cabinet door fronts with brushed nickel hardware, stainless steel sink with pulldown gooseneck faucet, tile backsplash, and updated light fixtures.
Tampa was recently named the #1 Best Place to Live in Florida by Forbes. The Central Florida property has excellent connectivity to Interstate-75, Interstate-275, and Bruce B. Downs Boulevard which provides convenient access to major employment centers in the submarket and greater Tampa Bay MSA. The property is located less than a half mile from the Highwoods Preserve Corporate Campis (800K+ SF of office space with national tenants).
