TAMPA, FL, July 31, 2009--Franklin Street Real Estate Services is pleased to announce the sale of Costa Del Sol Apartments (top right photo) in Seminole, Fla., for $9.55 million.The sales price represents $66,319 per unit and $84.22 per square foot.
Franklin Street broker Robert Goldfinger represented the buyer in the transaction.
John Burpee from NAI Real Estate represented the seller.
The seller was Merecorp, Inc. The buyer was a private investor group.
The buyer paid a premium for the property due to its outstanding location and condition and due to the lack of quality apartment communities available to acquire today,” comments Goldfinger, a Partner with Franklin Street Real Estate Services.
Built in 1972, Costa Del Sol Apartments is located at 7700 Ridge Road in Seminole, FL. The property was constructed of concrete block and offers 113,400 rentable square feet.
The apartment community consists of 72 one-bedroom units and 72 two-bedroom units ranging in size from 675 square feet to 900 square feet.Common amenities include a swimming pool, lush landscaping, clubhouse and a playground. Units are equipped with washer and dyers, balconies or patios and central air-conditioning.
Costa Del Sol is conveniently located near major highways, beaches and the Gulf of Mexico.
Contact: Mandy Force, Franklin Street Real Estate Services, Phone: 813.839.7300, Fax: 813.839.7330, http://www.franklinstreetfinancial.com/
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