TAMPA, FL—As the commercial real estate market stabilizes and properties are absorbed, investors are foreseeing change—and acting on what they see, according to Franklin Street. The latest example is a lender-owned distressed multifamily property in the Tampa, FL suburb of Brandon.

Franklin Street just brokered the sale of Lakeside Village for $936,000. The sales price represents $36,000 per unit or $57.25 per square foot. The final price was within 2% of the listing price.

Kevin Kelleher, Darron Kattan, Bob Goldfinger, and Zach Ames—all of Franklin Street, represented the seller, an out-of-state lender. The buyers are local owners and international investors represented by Brad Hodge of Bay Vision Realty.