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4610 North Armenia Avenue
SOLD

Infinity BH Acquires 240-Unit Multifamily Property In Tampa For $42.5M

4610 North Armenia Avenue

MultiFamily
clock iconSold 200 days ago
Sean Williams
Shelton Granade
Luke Wickham
+ 2
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Summary

Sale
FLORIDA
MultiFamily

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.

Players

  • All

    6

  • Agents

    4

  • Agencies

    2

Sean Williams's profile picture
Sean Williams
Institutional Property Advisors-image
Senior Vice President Investments
$518.2M Sold

Details

Deal Summary
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SOLD
IMAGE: Joe Fishman, Justin Basquill, Jakub Hejl, Luke Wickham, Sean Williams & Shelton Granade DATE: 12/06/2023 ADDRESS: 4610 North Armenia Avenue MARKET: Tampa ASSET TYPE: Multifamily ~ ACRES: 5 BUYER: Infinity BH - Joe Fishman SELLER: Westside Capital Group (@WestsideCG) - Jakub Hejl (@JakubHejl1) BROKERS: Justin Basquill, Luke Wickham (@LukeWickham), Shelton Granade & Sean Williams - Institutional Property Advisors - Marcus & Millichap (@Marcusmillichap_Fl) SALE PRICE: $42,500,000 UNITS: 240 ~ PPU: $177,083 NOTE: Institutional Property Advisors, a division of Marcus & Millichap, has facilitated the sale of Buena Vista, a 240-unit multifamily property in Tampa, Florida. The transaction, representing a trend of capital inflow to Florida, involved the seller Westside Capital Group and the buyer Infinity BH, and the property offers value-add potential with amenities like covered parking, a resort-style pool, and convenient access to major demand drivers in Tampa.

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Address4610 North Armenia Avenue

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