Institutional Property Advisors Acquires Mezzo Of Tampa Palms Multifamily For $85.7M

The multifamily property, located at 15210 Amberly Dr in Tampa, was recently sold in a closed transaction. Known as Mezzo of Tampa Palms, the property offers a total of 340 units and spans across 405,463 square feet. The sale price for this transaction was recorded at $85,650,000, resulting in an average price per unit of $251,912 and a price per square foot of $211.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $85,650,000
• Address: 15210 Amberly Dr - Mezzo of Tampa Palms
• Market: Tampa
• Units: 340
• Price per Unit: $251,912
• Square Footage: 405,463
• Price per Square Foot: $211

Institutional Property Advisors acted as the buyer in this transaction, while Taurus Investment Holdings represented the seller. The deal was finalized on 12/22/2021 by Peter Merrigan & Nick Clark.