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13600 Hartle Groves Place
SOLD

Advenir Acquires Multifamily Property In Clermont From Investcorp For $38.6M

13600 Hartle Groves Place

MultiFamily
257,750 SF
clock iconSold 109 days ago
Shelton Granade
Justin Basquill
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Summary

Sale
FLORIDA
MultiFamily
257,750 sqft

The multifamily property located at 13600 Hartle Groves Place in Clermont was sold in a transaction involving buyers Stephen Vecchitto, David Vecchitto, David Quintero, and Matt Zaverucha from Advenir, and the seller Investcorp. The sale, facilitated by brokers Shelton Granade and Justin Basquill from Marcus & Millichap, amounted to $38,600,000. The property comprises 240 units with a price per unit of $160,833 and spans 257,750 square feet, equating to a price per square foot of $150.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $38,600,000
  • Units: 240
  • Price per Unit: $160,833
  • Square Footage: 257,750
  • Market: Clermont
  • Buyer: Stephen Vecchitto, David Vecchitto, David Quintero & Matt Zaverucha - Advenir
  • Seller: Investcorp
  • Brokers: Shelton Granade & Justin Basquill - Marcus & Millichap

The transaction involved notable figures such as David Quintero, Justin Basquill, David Vecchitto, Matt Zaverucha, Stephen Vecchitto, and Shelton Granade, showcasing their active involvement in the real estate deal. Advenir, the purchasing entity, made a significant investment in the Clermont market through this acquisition, adding to their real estate portfolio in the region.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Shelton Granade's profile picture
Shelton Granade
Marcus & Millichap-image
Executive Managing Director Investments
$1.2B Sold

Details

Deal Summary
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SOLD
IMAGE: David Quintero, Justin Basquill, David Vecchitto, Matt Zaverucha, Stephen Vecchitto & Shelton Granade DATE: 02/07/2024 ADDRESS: 13600 Hartle Groves Place MARKET: Clermont ASSET TYPE: Multifamily BUYER: Stephen Vecchitto, David Vecchitto, David Quintero & Matt Zaverucha - Advenir (@AdvenirLiving) SELLER: Investcorp (@investcorp) BROKERS: Shelton Granade & Justin Basquill - Marcus & Millichap (@MarcusMillichap_FL) SALE PRICE: $38,600,000 UNITS: 240 ~ PPU: $160,833 SF: 257,750 ~ PPSF: $150

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Address13600 Hartle Groves Place

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