Wolf Partners Acquires Multifamily Property In Tampa For $16M

Wolf Partners has purchased a 5-acre property located at 200 South Hoover Boulevard in Tampa's Beach Park neighborhood for $16,000,000. The property, currently owned by Wisco, is a multifamily asset comprising 87 units with a per unit price of $183,908. It spans a total of 217,800 square feet, resulting in a price per square foot of $73. The transaction was facilitated by Bianca Lopez from Smith & Associates Real Estate.

Summary of Transaction Details

• Property Type: Multifamily
• Sale Price: $16,000,000
• Number of Units: 87
• Price Per Unit: $183,908
• Total Square Footage: 217,800
• Price Per Square Foot: $73
• Market: Tampa

According to Bianca Lopez, the buyer's representative from Smith & Associates Real Estate, Wolf Partners plans to redevelop the property into a luxury townhome gated community. The project is set to break ground in 2023 and will be listed by Bianca Lopez for sale.