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TruAmerica Acquires Pinellas Park Multifamily From St. Regis Properties For $61M

5501 100th Avenue North
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This MultiFamily property located in FL was sold for $61,000,000 about 3 years ago. The brokers of the deal were Michael Regan and Francesco (Frank) Carriera

The multifamily property located at 5501 100th Ave. N in Pinellas Park has been sold in a transaction. The property consists of 329 units and is part of the Pinellas Park market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $61,000,000
  • Units: 329
  • Price Per Unit: $185,410
  • Date: 02/01/2021
  • Buyer: TruAmerica
  • Seller: St. Regis Properties
  • Brokers: Francesco Carriera & Michael Regan - CBRE

The transaction was facilitated by brokers Francesco Carriera & Michael Regan of CBRE. They represented the buyer, TruAmerica, and the seller, St. Regis Properties.

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Deals
  • Location
    5501 100th Ave N, Pinellas Park, FL, USA5501 100th Ave N, Pinellas Park, FL, USA
  • Sale Price
    $61,000,000$61,000,000
    $9,386 PPSF$9,386 PPSF
  • Area
    6,499 SF6,499 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Michael Regan

Michael Regan

Deals13
Financed$1.4B

Francesco (Frank) Carriera

Francesco (Frank) Carriera

Deals12
Financed$1.3B

Agency

CBRE

CBRE

Agency
Deals4228
Volume$184.3B

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Deal Summary

SALE IMAGE: Francesco Carriera & Michael Regan DATE: 02/01/2021 ADDRESS: 5501 100th Ave. N MARKET: Pinellas Park ASSET TYPE: Multifamily BUYER: TruAmerica SELLER: St. Regis Properties BROKERS: Francesco Carriera & Michael Regan - CBRE PRICE: $61,000,000 UNITS: 329 ~ PPU: $185,410

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5501 100th Avenue North

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