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6608 South West Shore Boule...

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

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

Mauricio Gruener

Momentum Real Estate Partners

Buyer

$293.8M

vol

4 deals

Buyer

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