GMC Properties buys Tampa's Doral Oaks

BUYER: GMC Doral Oaks LLC (principals: Gregory and Christopher Simms), Jacksonville
SELLER: Aimco Doral Oaks LP
PROPERTY: 105 Sunnyside Road, Tampa
PRICE: $10.7 million
PREVIOUS PRICE: $5.57 million, July 2001
LAW FIRM ON DEED: Pappas Metcalf Jenks & Miller PA, Jacksonville

PLANS, DESCRIPTION: Jacksonville-based multifamily residential firm GMC Properties purchased the 252-unit Doral Oaks apartment complex for $10.7 million. The purchase price of the complex, which is south of Ballard Parkway and east of North 56th Street, equated to $42,460 per unit.

The complex was 94% occupied at the time of the sale. It features two pools, a clubhouse and an exercise room.