Michael Regan, Francesco Carriera, Cameron Barbas & Matthew Valeri Of CBRE Facilitate $6.5M Multifamily Sale On Davis Islands, Tampa

A multifamily property located at 415 Danube Ave in Davis Islands, Tampa, has been sold for a total price of $6,500,000. The property consists of 40 units, resulting in a price per unit of $162,500. The capitalization rate for this transaction is 5.4%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,500,000
• Units: 40
• Price Per Unit: $162,500
• Capitalization Rate: 5.4%

The sellers of the property are Kip & Jamie Kula. The deal was facilitated by CBRE, with Michael Regan, Francesco Carriera, Cameron Barbas & Matthew Valeri representing the sellers as brokers.