Beacon Isles Apartments sells for $29.9M

TAMPA — Beacon Isles LLC, an Aventura investment entity led by Luis Delgado and Erwin Sredni, purchased the 484-unit Beacon Isles Apartments for $29.9 million.

The price equated to $61,723 per unit. That figure is lower than the average price per unit for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.

Located in the Town 'N' Country area at 6202 Sheldon, Tampa, the 31-building apartment development occupies a 27.11-acre site. The 354,946-square-foot apartment complex, formerly known as Camden Isles, was built in 1983. Units average 723 square feet.