Wisco LLC, a locally based owner/operator of multifamily properties, paid Davna Investment Ltd. Corp. of Canada $28,017 per unit for the 80%-leased asset at 2200 Gladys St. in Pinellas County. Autumn Chase comprises 24 efficiencies, 116 one-bedroom and 92 two-bedroom apartments that rent from $449 to $633 a month.

The deal closed in a record 62 days, underscoring the demand for quality product in the area, Pat Duffy, president, Colliers Arnold Commercial Real Estate Services Inc. of Clearwater, FL, tells GlobeSt.com. Colliers senior investment specialist John W. Stone and associate Jason T. Stanton put the deal together and negotiated for the seller.

"This is by far the strongest seller's market we have seen in years," Stone tells GlobeSt.com. "With a careful approach to marketing, we can generate a waiting list of buyers for available debt-worthy properties."