Prosperity Capital Partners Acquires Multifamily Property In Port Richey For $13.34M

Prosperity Capital Partners has acquired a multifamily property located at 7110 Tudar Lane in Port Richey. The property, consisting of 92 units with a total square footage of 80,912, was sold by Michaelson Group. The sale price for this transaction was $13,340,000, resulting in a price per unit of $145,000. The price per square foot was estimated at $165. The deal was facilitated by brokers Joseph Thavis, Francesco Carriera, and Michael Regan from CBRE.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $13,340,000
• Units: 92
• Price per Unit: $145,000
• Square Footage: 80,912
• Price per Square Foot: $165
• Address: 7110 Tudar Lane, Port Richey
• Market: Port Richey

The acquisition of the property was made by Prosperity Capital Partners, with Joseph Thavis, Francesco Carriera, and Michael Regan representing CBRE as the brokers in the deal. This transaction brings together various parties in the real estate market, showcasing the collaboration and expertise involved in closing this multifamily property sale.