Institutional Property Advisors, a division of Marcus & Millichap, has facilitated the sale of Buena Vista, a 240-unit multifamily property located at 4610 North Armenia Avenue in Tampa, Florida. The property is situated on 5 acres of land in the vibrant Tampa market. The transaction involved the seller, Westside Capital Group, and the buyer, Infinity BH, and represents a trend of capital inflow to Florida. Buena Vista offers value-add potential with amenities such as covered parking, a resort-style pool, and convenient access to major demand drivers in Tampa.

Summary of transaction details

• Property Type: Multifamily
• Sale Price: $42,500,000
• Units: 240
• Price Per Unit: $177,083
• Market: Tampa
• Acres: 5

The buyer, Infinity BH, represented by Joe Fishman, acquired Buena Vista in this transaction. The seller, Westside Capital Group, was represented by Jakub Hejl. The brokers involved in the deal were Justin Basquill, Luke Wickham, Shelton Granade, and Sean Williams from Institutional Property Advisors, which is a division of Marcus & Millichap. This successful transaction signifies the confidence in the Tampa market and the investment potential of multifamily properties in the area.