San Diego's Pacifica Cos. buys Bayou Crossing Apartments

BUYER: Pacifica Bayou LLC (manager: Deepak Israni), San Diego
SELLER: Sheltering Palms Florida - Bayou Crossing LLC
PROPERTY: 10305 Zackary Circle and 6506 S. 301 Highway, Riverview
PRICE: $11.5 million
PREVIOUS PRICE: $5.75 million, October 2011
LAW FIRM ON DEED: Zimmerman Kiser & Sutcliffe PA, Orlando

PLANS, DESCRIPTION:
San Diego-based real estate firm Pacifica Cos. purchased the 290-unit Bayou Crossing Apartments for $11.5 million.

The price equated to $39,655 per unit. That figure is less than the two-year average price per unit for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.