Nicol Investment Co Acquires MultiFamily In Tampa For $58.1M

Havana Square, a 274-unit apartment community located at 400 N. Rome Ave. in Tampa, has been sold for $58.1 million. The property, completed in 2017, offers one-, two- and three-bedroom units averaging 804 square feet. Situated in Tampa's North Hyde Park neighborhood, the four-story building features amenities such as a swimming pool, outdoor kitchen, bocce ball court, fire pits, grilling areas, fitness center, and a clubroom with game tables and a bar.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $58,100,000.00
• Market: Tampa
• Seller's Rep: Matt Mitchell (Hall Structured Finance), Zach Nolan (JLL)
• Buyer: Nicol Investment Co

Representing the seller in the transaction were Matt Mitchell from Hall Structured Finance and Zach Nolan from JLL. Nicol Investment Co, a private investment firm based in Nashville, was the buyer of the property. The apartment community is located approximately one mile west of Tampa's central business district, offering a convenient location for residents.