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Fisherman's Landing renamed Solana Vista Apartments

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  • | 9:03 p.m. June 9, 2010
  • Tampa Bay-Lakeland
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BUYER: Solana Vista Apartments LLC (JB Howell), Davie

SELLER: Fisherman's Landing Apartments Limited Partnership

PROPERTY: 5501 Fishermans Drive and additional land on Fishermans Drive, Bradenton

PRICE: $10.4 million

PREVIOUS PRICE: $7.7 million, December 1987

PLANS, DESCRIPTION: Solana Vista Apartments LLC purchased the 200-unit Fisherman's Landing Apartments for $10.4 million.

The price equated to $52,000 per unit.

Solana Vista Apartments LLC is an investment group affiliated with the Davie-based real estate firm JB Howell. The new ownership has retained RAM Partners LLC to manage the 17.41-acre property.

The complex will be renamed Solana Vista Apartments.

The investment group doesn't have any immediate plans to improve the property, according to a representative for JB Howell.

The previous owner had performed a number of improvements.

The gated apartment complex features a clubhouse, car-care center, swimming pool and barbecue area. It also has lighted tennis courts, a business center, a playground and a fitness center.

CoStar Group, a real estate research firm, reports that the average unit size in the complex is 940 square feet.

The same investment group bought the 348-unit Bridgeview Apartments on Hillsborough Avenue in Tampa for $20.8 million late last year.



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