Main Street Residential Purchases 218-Unit Multifamily Asset In Tampa For $23M

Main Street Residential has acquired a multifamily property located at 4009 North Howard Avenue in Tampa. The transaction, which took place on December 16, 2020, was facilitated by Jason Stanton and Cole Whitaker of Berkadia on behalf of the buyer. The seller, KCB Real Estate Management LLC, successfully closed the deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Address: 4009 North Howard Avenue, Tampa
• Market: Tampa
• Buyer: Main Street Residential
• Seller: KCB Real Estate Management LLC
• Brokers: Jason Stanton & Cole Whitaker - Berkadia
• Units: 218
• Price per Unit (PPU): $105,505

Jason Stanton and Cole Whitaker of Berkadia played a crucial role in facilitating the successful acquisition of the multifamily property on behalf of Main Street Residential. Their expertise and dedication ensured the smooth completion of the deal, which resulted in the addition of 218 units to Main Street Residential's portfolio in Tampa.