Local, international investor group buys Brandon's Lakeside Village

BUYER: Invest PI LLC (principal: Manuel Rebecchi), Sarasota
SELLER: LSREF2 Apex FL LLC
PROPERTY: 110 Gornto Lake Road, Brandon
PRICE: $936,000
PREVIOUS PRICE: $635,000, October 1999
LAW FIRM ON DEED: Hunton & Williams LLP, Dallas

PLANS, DESCRIPTION: An investor group led by the owner of Cirque Italia Manuel Rebecchi purchased the 26-unit Lakeside Village apartment for $936,000.

The price equated to $36,000 per unit or $57.25 per square foot. That figure is less than the average price per unit for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.