Radco Cos. buys Bay Park for $29.85 million

BUYER: City Park Clearwater (Radco-NREC Bay Park Holdings LLC), Atlanta
SELLER: Laramar Bay Park Partners LLC
PROPERTY: 101 S. Old Coachman Road, Clearwater
PRICE: $29.85 million
PREVIOUS PRICE: $14.03 million, October 2010
LAW FIRM ON DEED: DLA Piper LLP (US), Tampa

PLANS, DESCRIPTION:
Atlanta-based The Radco Cos. purchased the 228-unit Bay Park Apartments for $29.85 million.

The price equated to $130,921 per unit. 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.