DevMar Development Sells Multifamily Property For $28.2M In St. Petersburg

The multifamily property located at 77 11th Street North in St. Petersburg was recently sold for a total price of $28,200,000. The property offers a total square footage of 43,001, resulting in a price per square foot of $656. The seller of the property was DevMar Development. The transaction was facilitated by Cameron Hooper and Jad Richa from Capstone Companies. They represented the interests of the buyer and seller throughout the deal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $28,200,000
• Address: 77 11th Street North, St. Petersburg
• Market: St. Petersburg
• Square Footage: 43,001
• Price per Square Foot: $656

The involvement of Cameron Hooper and Jad Richa from Capstone Companies played a crucial role in facilitating this transaction. Their expertise in the market and their dedication to serving their clients' best interests were key factors that contributed to the successful completion of this multifamily property sale.