SOLD
LVP Camellia Associates LLC Acquires Camellia World Commerce Center Apartments In St. Augustine For $53.3M
50 Palma Vista Way
MultiFamily
Sold 148 days ago
Summary
Sale
FLORIDA
MultiFamily
The Camellia World Commerce Center apartments in St. Augustine have been sold for $53.3 million to LVP Camellia Associates LLC, a company affiliated with Lightstone. This multifamily property, located at 50 Palma Vista Way, spans across 11.13 acres. The community, built in 2022, consists of 210 luxury apartments and offers amenities such as a clubhouse, pool, and fitness center.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,300,000
- Address: 50 Palma Vista Way
- Market: St. Augustine
- Size (in acres): 11.13
Erik Bjornson and Tyler Nilsson from Institutional Property Advisors represented both the buyer, LVP Camellia Associates LLC, and the seller, WCC Palma Vista LLC, in this transaction.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Tyler Nilsson & Erik Bjornson
DATE: 12/19/2023
ADDRESS: 50 Palma Vista Way
MARKET: St. Augustine
ASSET TYPE: Multifamily ~ ACRES: 11.13
BUYER: LVP Camellia Associates LLC
SELLER: WCC Palma Vista LLC
BROKERS: Erik Bjornson & Tyler Nilsson - Institutional Property Advisors
SALE PRICE: $53,300,000
UNITS: 210 ~ PPU: $253,810
NOTE: Camellia World Commerce Center apartments in St. Augustine sold for $53.3 million to LVP Camellia Associates LLC, affiliated with Lightstone. The 210-unit community, built in 2022, offers luxury apartments with amenities like a clubhouse, pool, and fitness center.View on map
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Address50 Palma Vista Way
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