Passco Cos. Acquires Multifamily Asset In Land O' Lakes For $76.4M

2300 Tapestry Park Drive, Land O' Lakes, FL, USA & 2300 Tapestry Park Drive, Land O' Lakes, FL, USA

$76,400,000

$110/SF

Building Size

693,142 SF

Asset Type

MultiFamily

Closing

Nov 9, 2020

AI

The multifamily property located at 2300 Tapestry Park Drive in Land O' Lakes has been sold for a total price of $76,400,000. The property consists of 341 units with an average price per unit of $224,047.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $76,400,000
Address: 2300 Tapestry Park Drive
Market: Land O' Lakes
Units: 341
Price per Unit (PPU): $224,047

The buyer of the property is Passco Cos. while the seller is Arlington Properties. The deal was facilitated by Patrick Dufour, Ryan Crowley, Andrew Visnick, and Pibu Aulakh from Newmark.

Players