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Otto Investment Group And Maehren Investment Corp Acquire Multifamily Property In St Petersburg For $16.8M

2800 4th Street South
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This MultiFamily property located in FL was sold for $16,825,000 over 2 years ago. The brokers of the deal were Joseph Thavis and Cameron Barbas

The multifamily property located at 2800 4th St South in St Petersburg was recently sold for a price of $16,825,000. The property consists of 127 units, with an average price per unit of $132,480. The total square footage of the property is 78,564, with a price per square foot of $214.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $16,825,000
  • Address: 2800 4th St South, St Petersburg
  • Market: St Petersburg
  • Seller: Otto Investment Group - Adrian Otto; Maehren Investment Corp - Konstantin Sidorov & Jakob Maehren; HUMI Holdings
  • Brokers: Joseph Thavis & Cameron Barbas - CBRE
  • Units: 127
  • Price per Unit: $132,480
  • Square Footage: 78,564
  • Price per Square Foot: $214

The sale transaction was handled by brokers Joseph Thavis and Cameron Barbas from CBRE. They represented the sellers, which include Otto Investment Group, Maehren Investment Corp, and HUMI Holdings. Dr. Hubert Geppert, Konstantin Sidorov, Mirko Otto, Jakob Maehren, and Adrian Otto are also mentioned as individuals involved in the transaction.

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Deals
  • Location
    2800 4th Street South, St. Petersburg, Florida 33705, United States2800 4th Street South, St. Petersburg, Florida 33705, United States
  • Sale Price
    $16,825,000$16,825,000
    $214 PPSF$214 PPSF
  • Area
    78,564 SF78,564 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Joseph Thavis

Joseph Thavis

Deals3
Sold$49.7M

Cameron Barbas

Cameron Barbas

Deals3
Sold$30.5M

Agency

CBRE

CBRE

Agency
Deals4229
Volume$184.3B

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Deal Summary

SALE IMAGE: Dr. Hubert Geppert, Konstantin Sidorov, Mirko Otto, Jakob Maehren & Adrian Otto DATE: 12/15/2021 ADDRESS: 2800 4th St South MARKET: St Petersburg ASSET TYPE: Multifamily SELLER: Otto Investment Group (@OttoInvestmentGroup) - Adrian Otto (@Adrian_Otto1); Maehren Investment Corp (@Maehren_Corporation) - Konstantin Sidorov (@Konstantin.RealEstate) & Jakob Maehren (@JakobMaehren); HUMI Holdings BROKERS: Joseph Thavis & Cameron Barbas - CBRE SALE PRICE: $16,825,000 UNITS: 127 ~ PPU: $132,480 SF: 78,564 ~ PPSF: $214

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2800 4th Street South

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