Sun Lake Apartments sell for $7.44 million

BUYER: HCG Brandon II LLC (managers: John Kinzelberg and Jeff Katz), Chicago
SELLER: Sun Lake Apartments LLC
PROPERTY: 1212 Askew Drive, Brandon
PRICE: $7.44 million
PREVIOUS PRICE: $6.2 million, April 2008
LAW FIRM ON DEED: DLA Piper LLP, Los Angeles

PLANS, DESCRIPTION:
The private real estate investment firm Highgate Capital Group purchased the 88-unit Sun Lake Apartments for $7.44 million.

The price equated to $84,517 per square foot. That figure is higher than the two-year average price per unit for multifamily space ($72,609) in the Tampa Bay area, according to the CoStar Group.