TAMPA, FL—In a highly-distressed deal, Woodlawn Park just traded hands for a mere $2.8 million. That represents $15,727 per unit and $20.20 per square foot.
Darron Kattan, Robert Goldfinger, and Kevin Kelleher, all of Franklin Street, represented both parties in the bankruptcy auction sale. The buyer was a private local investor. Franklin Street estimates the replacement cost at $75 a foot.
“The transaction was difficult because it was a complex bankruptcy sale,” Kelleher tells GlobeSt.com. “The successful buyer was selected through an auction held at the bankruptcy court.”
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