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Franklin Street brokers sale of $7.2M Pinellas portfolio

St Petersburg Clearwater Multifamily Portfolio 457x296
Published: Oct 18, 2019
Excerpted from St. Pete Catalyst story.

Franklin Street brokered the sale of four apartment communities in St. Petersburg and Clearwater. The properties are: Gateway Place at 528 88th Av. N., Delmar Terrace at 433 Delmar Terrace S., and  Tropic Aire at 135 8th Ave. N.E., all in St. Petersburg; and Lakeview/Westbridge on South Betty Lane in Clearwater. The total portfolio sold for $7.193 million, or $80,820 per unit, Franklin Street said. The properties were sold by an estate that was liquidating assets and were purchased in four separate transactions involving two New York-based buyers and one local buyer. Franklin Street Real Estate Services in Tampa represented all three private buyers, and Franklin Street Insurance Services insured three of the four assets involved. 

For full story, visit https://stpetecatalyst.com/zaps/franklin-street-brokers-sale-of-7-2m-pinellas-portfolio/
Credit: Staff
Source: St. Pete Catalyst
URL: https://stpetecatalyst.com/