American Residential Investment Management Acquires Multifamily Asset In Lutz For $30.6M

14620 Turtle Creek Cir, Lutz, Fl 33549, Usa

$30,600,000

$3,134/SF

Building Size

9,764 SF

Asset Type

MultiFamily

Closing

Aug 27, 2020

AI

The multifamily property located at 14620 Turtle Creek in Lutz was recently sold in a closed transaction. The property consists of 232 units and was sold for a total price of $30,600,000, resulting in a price per unit of $131,897.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $30,600,000
Units: 232
Price Per Unit: $131,897
Date: 08/28/2020
Market: Lutz

The seller of the property was Praxis Capital, while the buyer was American Residential Investment Management. The deal was facilitated by Jason Stanton, Cole Whitaker, Justin Ownby, and Henry Tanner from Berkadia.

Players