Otto Investment Group And Maehren Investment Corp Acquire Multifamily Property In St Petersburg For $16.8M

The multifamily property located at 2800 4th St South in St Petersburg was recently sold for a price of $16,825,000. The property consists of 127 units, with an average price per unit of $132,480. The total square footage of the property is 78,564, with a price per square foot of $214.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $16,825,000
• Address: 2800 4th St South, St Petersburg
• Market: St Petersburg
• Seller: Otto Investment Group - Adrian Otto; Maehren Investment Corp - Konstantin Sidorov & Jakob Maehren; HUMI Holdings
• Brokers: Joseph Thavis & Cameron Barbas - CBRE
• Units: 127
• Price per Unit: $132,480
• Square Footage: 78,564
• Price per Square Foot: $214

The sale transaction was handled by brokers Joseph Thavis and Cameron Barbas from CBRE. They represented the sellers, which include Otto Investment Group, Maehren Investment Corp, and HUMI Holdings. Dr. Hubert Geppert, Konstantin Sidorov, Mirko Otto, Jakob Maehren, and Adrian Otto are also mentioned as individuals involved in the transaction.