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Lurin Capital Acquires Altis Cardinal Multifamily In St. Petersburg For $125.5M

Property Image
SOLD
$125,500,000

Florida

See Similar Deals
MultiFamily185,900 SF
Sold 10/21/2021
the dealdetailscomps
Property Image
SOLD

Lurin Capital Acquires Altis Cardinal Multifamily In St. Petersburg For $125.5M

441 33rd Street North, St. Petersburg, FL, USA

See Similar Deals
MultiFamily185,900 SF
Sold 10/21/2021
the dealdetailscomps

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$675
Total Square Footage:185,900 SF
Transaction Type:Sale

The Altis Cardinal, a multifamily property located at 441 33rd Street North in St. Petersburg, was recently sold in a transaction that took place on October 21, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $125,500,000
  • Market: St. Petersburg

The buyer in this transaction was Lurin Capital, while the seller was Altis Cardinal, represented by Frank Guerra, and Skyline LLC. JLL served as the broker for this deal.

The Altis Cardinal comprises a total of 178 units, with a per unit price of $705,056. This transaction highlights the strong demand for multifamily properties in the St. Petersburg market.

Players

LC
Lurin Capital
BUYER
AC
Altis Cardinal
SELLER

Details

SOLD
IMAGE: Altis Cardinal DATE: 10/21/2021 ADDRESS: 441 33rd Street North MARKET: St. Petersburg ASSET TYPE: Multifamily BUYER: Lurin Capital SELLER: Altis Cardinal - Frank Guerra; Skyline LLC BROKER: JLL SALE PRICE: $125,500,000 UNITS: 178 ~ PPU: $705,056

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