Bradenton's 30 West Apartments sell for $25 million

BUYER: Timberland Florida II LLP (89.14% interest) and Main Street Partners LLP (10.86%), Bloomington, Minn.
SELLER: FLA Braden Lakes LLC
PROPERTY: 2835 50th Ave. W., Bradenton
PRICE: $25 million
PREVIOUS PRICE: $14.28 million, March 2013
LAW FIRM ON DEED: FLA Braden Lakes LLC, Sarasota

PLANS, DESCRIPTION:
Bloomington, Minn.-based Timberland Partners and a company led by James and Ann Marie Maciej purchased the 264-unit 30 West Apartments in Bradenton for $25 million.

The price equated to $94,697 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.