Gainesville's Collier Cos. developing Sunset site

BUYER: USF SPE DE LLC (principal: Nathan Collier), Gainesville
SELLER: Square Plaza Associates LLC
PROPERTY: 12708 Bruce B Downs Blvd., Tampa
PRICE: $6.4 million
PREVIOUS PRICE: $5.07 million, January 2006
LAW FIRM ON DEED: DLA Piper LLP (US), Los Angles

PLANS, DESCRIPTION:
The Collier Cos. purchased the 100-unit Sunset Square Apartments for $6.4 million.

The price equated to $64,000 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.