South America buyer acquires Lexington Court apartments

BUYER: Max Worldwide Industries LLC (managers: Eduviges and Antonio Callejas), Miami
SELLER: 11738 14th LLC
PROPERTY: 11738 N. 14th St., Tampa
PRICE: $1.3 million
PREVIOUS PRICE: $600,000, March 2012
LAW FIRM ON DEED: Johnson Pope Bokor Ruppel & Burns LLP, St. Petersburg

PLANS, DESCRIPTION:
An investor from South America purchased the Lexington Court apartments for $1.3 million in cash.

The price equated to $30,952 per unit ($52.01 per square foot). That figure is lower than the average price per square foot for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.