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Advenir Acquires Newly Built Tampa Apartment Complex For $47.8M

Property Image
SOLD
$47,800,000
DV
GC

Florida

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MultiFamily
Sold 08/04/2023
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Property Image
SOLD

Advenir Acquires Newly Built Tampa Apartment Complex For $47.8M

4502 W McCoy St Tampa, FL 33616, USA

See Similar Deals
MultiFamily
Sold 08/04/2023
DV
GC
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The Watson, a newly built Tampa apartment complex, has been acquired by Advenir for nearly $47.8 million. Situated on 10.5 acres, the property features 205 apartments, resulting in a sale price of $233,143 per unit.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $47,800,000
  • Address: 4502 West McCoy Street, Tampa
  • Market: Tampa
  • Acres: 10.5

Advenir, represented by Stephen Vecchitto and David Vecchitto, served as the buyer in this transaction. The seller, Penler, was represented by Graham Carpenter. The property's 205 apartments provide a significant investment opportunity in the Tampa market, demonstrating Advenir's commitment to expanding its portfolio in the multifamily sector. The acquisition of The Watson aligns with their strategic growth plan.

Players

A
Advenir
BUYER
DV
David Vecchitto
6 deals$399.7M volume
BUYER
GC
Graham Carpenter
3 deals$210M volume
SELLER

Details

SOLD
IMAGE: Graham Carpenter, David Vecchitto & Stephen Vecchitto DATE: 08/04/2023 ADDRESS: 4502 West McCoy Street MARKET: Tampa ASSET TYPE: Multifamily ~ ACRES: 10.5 BUYER: Advenir (@Advenirliving) - Stephen Vecchitto (@GodfatherVech) & David Vecchitto SELLER: Penler - Graham Carpenter SALE PRICE: $47,800,000 UNITS: 205 ~ PPU: $233,171 NOTE: Advenir acquires The Watson, a newly built Tampa apartment complex, for nearly $47.8 million. The property features 205 apartments on 10.5 acres, with a sale price of $233,143 per unit.

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