Snell Properties Acquires Multifamily Asset In Tampa For $136M

The multifamily property located at 1115 E Twiggs St in Tampa has been sold for a total price of $136,000,000. The property consists of 325 units, with an average price per unit of $418,462. The sale was completed on November 18, 2021, and the transaction involved the buyer, Snell Properties represented by Chris Hanessian and Michael Eastwood, and the seller, ECI Group and Mercury Advisors. The deal was facilitated by CBRE.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $136,000,000
• Units: 325
• Price per Unit: $418,462

The buyer, Snell Properties, was represented by Chris Hanessian and Michael Eastwood in the transaction. On the other hand, the seller of the property was ECI Group and Mercury Advisors. CBRE served as the broker for this sale, ensuring a smooth transfer of ownership for the multifamily property on E Twiggs St, Tampa.