TAMPA, FL—South Florida investors are flooding the Tampa market. So says Franklin Street agents—and they are offering a prime example in the recent sale of Sandanay and Stonehenge Apartments.
The Tampa multifamily communities sold for $3.050 million. The sales price represents $30,500 per unit and $39.97 per square foot.
Franklin Street's Kevin Kelleher, Darron Kattan, Robert Goldfinger, and Zach Ames represented the seller, a local investor. Danny York with Franklin Street Capital Advisors structured the debt for the buyer, a South Florida investor that plans to make several interior and exterior improvements to increase rents.
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