Boca Raton investor buys Casa Del Toro apartments

BUYER: Tampa Commons LLC (manager: Paul Karram), Boca Raton
SELLER: Metis Property Management Inc.
PROPERTY: 5709 Las Ventanas Drive, Tampa
PRICE: $4.23 million
PREVIOUS PRICE: $3.25 million, November 2012
LAW FIRM ON DEED: Greenspoon Marder PA, Fort Lauderdale

PLANS, DESCRIPTION:
Investor Paul Karram of Boca Raton purchased the 42-unit Casa Del Toro apartments for $4.23 million.

The price equated to $100,595 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.