Lakeshore Multifamily Partners LLC Acquires Multifamily Property In Tampa For $77M

A multifamily property located at 6900 Concord Drive in Tampa was recently sold. The property, consisting of 638 units spread across 66 acres, was acquired by Lakeshore Multifamily Partners LLC. The transaction took place on May 10, 2021, with a sale price of $77,000,000. This amounts to approximately $120,690 per unit and $1,166,667 per acre.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $77,000,000
• Units: 638
• Price Per Unit (PPU): $120,690
• Acres: 66
• Price Per Acre (PPA): $1,166,667
• Address: 6900 Concord Drive, Tampa
• Market: Tampa

Neil Sazant of Harbour Realty Advisors, Inc. represented the seller in the deal. The buyer was represented by Nick Meoli and Mike Donaldson of Cushman & Wakefield. This transaction showcases the involvement of these key individuals and companies in the sale of the multifamily property.