SOLD
Bell Partners Acquires 774-Unit Lansbrook Village In Palm Harbor For $201M
3751 Pine Ridge Boulevard
Condo
Sold 301 days ago
Summary
Sale
FLORIDA
Condo
Bell Partners has acquired the 774-unit Lansbrook Village in Palm Harbor for $201 million. The property, located at 3751 Pine Ridge Blvd, is a condominium asset. This transaction marks a significant investment in the Palm Harbor market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $201,000,000
- Address: 3751 Pine Ridge Blvd, Palm Harbor
- Market: Palm Harbor
The buyer, Bell Partners, led by Joe Cannon, successfully acquired the property from Osso Capital. The brokers involved in this transaction were Shelton Granade and Sean Williams from Institutional Property Advisors, a division of Marcus & Millichap. The sale price for Lansbrook Village was $201 million, with a total of 774 units. The purchase price per unit was approximately $259,690.
This acquisition is part of Bell Partners' value-add fund strategy, targeting properties in Tampa and other markets that require renovation. The investment in Lansbrook Village aligns with their goal of enhancing properties and creating value in the market.
Players
Details
SOLD
IMAGE: Sean Williams & Shelton Granade
DATE: 07/12/2023
ADDRESS: 3751 Pine Ridge Blvd
MARKET: Palm Harbor
ASSET TYPE: Condo
BUYER: Bell Partners - Joe Cannon
SELLER: Osso Capital
BROKERS: Shelton Granade & Sean Williams - Institutional Property Advisors - Marcus & Millichap (@MarcusMillichap_Fl)
SALE PRICE: $201,000,000
UNITS: 774 ~ PPU: $259,690
NOTE: Bell Partners has acquired the 774-unit Lansbrook Village in Palm Harbor for $201 million. The purchase is part of a value-add fund targeting properties in Tampa and other markets in need of renovation.View on map
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Address3751 Pine Ridge Boulevard
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