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Transactions
Business Observer Monday, May 30, 2022 1 month ago

Transactions: May 24-30

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A trio of multifamily deals, each more than $70 million, in Hillsborough and Pasco counties lead the way in this week's transactions.
by: Steven Benna Contributor

CHARLOTTE

Buyer: LAXMI Hospitality 2 LLC
Seller: Maingate East Development Inc.

Address: 4056 Tamiami Trail, Port Charlotte

Property Type: Hotel

Price: $5,950,000

Previous Price: $7,000,000, September 2018

Buyer: Lyons Housing LLC
Seller: Babcock Property Holdings LLC
Address: Punta Gorda

Property Type: Vacant land

Price: $1,050,000

COLLIER

Buyer: WFA Land Co. Inc.

Seller: Agreserves Inc.

Address: Naples

Property Type: Vacant agricultural land

Price: $11,187,000

Previous Price: $13,130,000, October 2020

Buyer: Hailang LLC
Seller: Universal Property LLC
Address: 7032 Ambrosia Lane, Naples

Property Type: Condominium units

Price: $7,095,000

Buyer: CJK 2050 Commerce LLC, CS 2050 Commerce LLC, FA 2050 Commerce LLC, HA 2050 Commerce LLC, and RC 2050 Commerce LLC
Seller: Staffordshire Properties USA Inc.

Address: 2050 Commerce Ave., Immokalee

Property Type: Warehouse

Price: $3,570,000

HILLSBOROUGH

Buyer: RXR Korman Ave Tampa Owner LLC
Seller: MCREF III Tampa Apartments LLC
Address: 160 W. Tyler St., Tampa

Property Type: Apartment units

Price: $124,670,300

Buyer: Ybor LL LLC
Seller: Ybor City Owner LLC
Address: 1512 E. 12th Ave., Tampa

Property Type: Apartment units

Price: $90,650,000

Previous Price: $58,000,000, December 2020

Buyer: Hidden River Trust LLC
Seller: Building Industry Consulting Service International Inc.

Address: 8610 Hidden River Parkway, Tampa

Property Type: Office building

Price: $11,200,000

Previous Price: $775,400, January 1997

LEE

Buyer: 94 West Avenue LLC, Illy Holdings LLC, and 340 BPR LLC

Seller: Kelly Crossing LLC
Address: 16120 San Carlos Blvd., Fort Myers

Property Type: Neighborhood shopping center

Price: $6,000,000

Buyer: DLP Land Holdings LLC
Seller: Southern Impression Homes LLC

Address: Fort Myers

Property Type: Vacant land

Price: $4,356,100

Buyer: Florida Storage Gladiolus LLC
Seller: MGY LLC
Address: 15260 Convenience Way, Fort Myers

Property Type: Vacant commercial land

Price: $4,000,000

Previous Price: $1,000,000, June 2017

MANATEE

Buyer: 360 11th Street Owner LLC
Seller: BMG Riverwalk I LLC, BMG Riverwalk II LLC, and BMG Riverwalk III LLC

Address: 1210 4th Ave. E., Bradenton

Property Type: Apartment units

Price: $52,571,298

Previous Price: $8,640,000, April 2020

Buyer: Bayshore Windmill MHC LLC
Seller: Bayshore Windmill Village Co Op Inc.

Address: 603 63rd Ave. W., Bradenton

Property Type: Mobile home park

Price: $30,107,000

Buyer: BTR at Artisan Lakes LLC
Seller: TM BTR of Florida LLC
Address: 5005 Cedar Leaf Circle, Palmetto

Property Type: Vacant land

Price: $6,715,100

PASCO

Buyer: Triwest Lakes at CC TIC Owner LLC, 3333 Lakes Partners Plaza LLC, and Overland Lakes LLC
Seller: Collier Commons Apartments LLC
Address: 22924 Chesterview Loop, Land O Lakes

Property Type: Multifamily units

Price: $71,000,000

Buyer: 8951 Hudson LLC
Seller: J & W Hudson LLC
Address: 8951 Hudson Avenue, Hudson

Property Type: Retail store

Price: $3,611,100

Previous Price: $2,967,600, July 1999

Buyer: D.R. Horton Inc.

Seller: Forestar (USA) Real Estate Group Inc.

Address: Wesley Chapel

Property Type: Residential land

Price: $1,223,900

PINELLAS

Buyer: 10300 4th Street N LLC
Seller: Bon Secours – Maria manor Nursing Care Center LLC
Address: 10300 4th St. N., St. Petersburg

Property Type: Assisted living facility

Price: $25,500,000

Buyer: St Petersburg Motors LLC
Seller: Kane’s Furniture LLC
Address: 4601 34th St. N., St. Petersburg

Property Type: Warehouse

Price: $13,000,000

Buyer: 10300 4th Street N LLC
Seller: Bon Secours – Maria manor Nursing Care Center LLC
Address: 10300 4th St. N., St. Petersburg

Property Type: Assisted living facility

Price: $4,500,000

POLK

NONE

SARASOTA

Buyer: Blackburn Osprey LLC
Seller: Gulf Bay Condo LLC
Address: 2092 S. Tamiami Trail, Osprey

Property Type: Condominium units

Price: $6,700,000

Previous Price: $4,710,000, November 2021

Buyer: Elite Motorcoach Storage FL LLC
Seller: Becca Properties LLC
Address: 5921 McIntosh Road, Sarasota

Property Type: Warehouse

Price: $6,050,000

Previous Price: $2,500,000, May 2016

Buyer: FL Phillippi LLC
Seller: Sarasota Phillippi Shores LLC
Address: 1860 Phillippi Shores Drive, Sarasota

Property Type: Multifamily units

Price: $5,650,000

Previous Price: $3,465,000, December 2019

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