Darron Kattan, Zachary Ames, Avery Jordan, Mark Savarese, Cary Brown and Cameron Wolfe of Franklin Street represented both the buyer, Topaz Capital Group, LLC, and the seller, Wells Boys & Girls Management.
The property traded above its initial pricing guidance, reinforcing an unyielding investor appetite for Central Florida multifamily.
The property features 7,900 square feet and has 18.5 years remaining on its lease.
He is an industry veteran with over 37 years of experience in commercial real estate.
The buyer was Southport Financial, one of the largest affordable housing developers/owners in the nation.
The company is expected to bring dozens of jobs to Central Florida.
Franklin Street’s new Director of Industrial Advisory & Transaction Services brings a strong background representing owners, investors and occupiers in the disposition, acquisition, development and leasing of flex and industrial assets throughout the Southeast U.S. CLICK ON THE HEADLINE FOR MORE
Franklin Street’s Tampa multifamily investment sales team represented the seller and the buyer in the all-cash transaction. CLICK ON THE HEADLINE FOR MORE
Ohio-based Bridgewater Apartment Partners, LLC acquired the property for $14.8 million, or $148,000 per unit, which represents the highest price per unit transaction ever for a similar vintage and asset class in Brevard County. CLICK ON THE HEADLINE FOR MORE
“Franklin Street is actively recruiting additional brokers in our offices in Florida and Georgia as we continue to expand our reach across the Southeast,” said Yvonne Baker, regional managing partner for Franklin Street.
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