Marcus & Millichap Brokers Largo Multifamily Sale
By John Jordan | Tampa via Globe St
The Bay Pointe Apartments development here has traded for $18 million or $43,165 per unit.
The sale of the 417-unit apartment complex was brokered by Marcus & Millichap. Francesco Carriera andMichael Regan, vice presidents investments in Marcus & Millichap’s Tampa office, represented the seller and the buyer in the deal. The brokerage firm did not divulge the parties in the transaction.
Bay Pointe is located on approximately 21 acres at 2770 Roosevelt Blvd. in Largo, four-tenths of a mile east of U.S. Highway 19 and two miles from the St. Petersburg-Clearwater International Airport.