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Mauricio Gruener & Eduardo Gruener Acquire 246-Unit Multifamily Property In Tampa For $73M

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SOLD
$73,000,000

Florida

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MultiFamily
Sold 04/29/2025
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Property Image
SOLD

Mauricio Gruener & Eduardo Gruener Acquire 246-Unit Multifamily Property In Tampa For $73M

6608 South West Shore Boulevard

See Similar Deals
MultiFamily
Sold 04/29/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

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

4 deals$293.8M volume
BUYER

Details

SOLD
IMAGE: Eduardo Gruener & Mauricio Gruener DATE: 04/29/2025 ADDRESS: 6608 South West Shore Boulevard MARKET: Tampa ASSET TYPE: Multifamily BUYER: Mauricio Gruener & Eduardo Gruener - Momentum Real Estate Partners SALE PRICE: $73,000,000 UNITS: 246 ~ PPU: $296,748 NOTE: Momentum Real Estate Partners bought the 246-unit Amelia at Westshore in South Tampa for $73M. The complex includes units up to 1,400 SF and offers amenities like a pool, fitness center, business center, and pet spa.

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,893,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$259,353.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$346,057.24
Annual Debt Service$4,152,686.91