Mauricio Gruener & Eduardo Gruener Acquire 246-Unit Multifamily Property In Tampa For $73M
6608 South West Shore Boulevard
$73,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 29, 2025
AI
The multifamily asset involved in the transaction is located at 6608 South West Shore Boulevard in Tampa. The property consists of 246 units, with sizes reaching up to 1,400 square feet. The sale price for the complex, known as Amelia at Westshore, was $73,000,000, resulting in a price per unit of $296,748. Notable amenities include a pool, fitness center, business center, and pet spa.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $73,000,000
- Address: 6608 South West Shore Boulevard
- Units: 246
- Price Per Unit: $296,748
- Buyer: Mauricio Gruener & Eduardo Gruener
- Buyer Company: Momentum Real Estate Partners
The transaction was facilitated by the buyers, Mauricio Gruener and Eduardo Gruener, who represent Momentum Real Estate Partners. Their acquisition of the property signifies their continued investment in the multifamily sector within the South Tampa market.
Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93