Avesta Communities buys Shady Oaks

BUYER: 5870 56th LLC (Avesta Real Estate Holdings LLC), Tampa
SELLER: American Federated Title Corp. as trustee under two land trusts
PROPERTY: 5870 56th Ave., St. Petersburg and 5651 58th Way N., Kenneth City
PRICE: $7.1 million
PREVIOUS PRICE: $60,000, 1971
LAW FIRM ON DEED: King & Spalding LLP, Atlanta

PLANS, DESCRIPTION: Tampa-based Avesta Communities LLC purchased the 189-unit Shady Oaks in north St. Petersburg for $7.1 million.

The price equated to $37,566 per unit and $46.09 per square foot.