Harbour Pointe apartments in West Bradenton, FL sell for $21 million

Harbour Pointe apartments in Bradenton, FL sell for $21 million in West Bradenton

WEST BRADENTON — A West Bradenton apartment community has sold for $21 million to a Bonita Springs company.

Harbour Pointe of Bradenton Apartments, 4501 71st St. W., sold for $21.1 million on Jan. 26, according to property records. The previous owners, Sand Bay Apartments LLC sold the 234-unit complex to Harbour Pointe Apartments LLC, managed by Walter Hagenbuckle of Bonita Springs, according to property records.

Harbour Pointe used a $14 million mortgage through Wells Fargo Bank to finance the deal, according to documents filed with the Manatee County Clerk.

Sand Bay bought the 14.7-acre property for $22 million in 2006, according to property records.

Several apartment complexes in Manatee County have sold in the last year including the former Turnbury Park at Palm Aire Apartments in University Park for $45.15 million in July and Lofton Woods for $11.2 million on 34th Street West in September.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s