Miami’s Bayshore Investment Partners purchased the 200-unit Brandon Crossing Apartments for $14.5 million.<\/p>\n\n\n\n
BUYER: Brandon Crossing Investors LLC (manager: Jared Brunnabend), Miami
SELLER: Brandon Crossing Partners Ltd.
PROPERTY: 1911 Brandon Crossing Circle, Brandon
PRICE: $14.5 million
PREVIOUS PRICE: $2.26 million, December 1982 and $1.3 million, January 1997
LAW FIRM ON DEED: Lowndes Drosdick Doster Kantor & Reed PA, Orlando<\/p>\n\n\n\n
PLANS, DESCRIPTION:<\/strong> The price equated to $72,500 per unit. That figure is lower than the average price per unit for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.<\/p>\n\n\n\n Built in 1999, the 10-building apartment complex features a swimming pool, fitness and business centers and a playground. Its occupancy was in the mid-90% range at the time of the sale. Units average 1,053 square feet, according to CoStar.<\/p>\n\n\n\n Jared Brunnabend, principal of Bayshore Investment Partners, says the firm was attracted to the property by its location.<\/p>\n\n\n\n The investment group does not own any other apartments in the Tampa Bay area, he says, but is evaluating new opportunities in the region.<\/p>\n\n\n\n The purchase entity, Brandon Crossing Investors LLC, mortgaged the property to Walker & Dunlop LLC for $10.36 million.<\/p>\n","protected":false},"excerpt":{"rendered":" Miami’s Bayshore Investment Partners purchased the 200-unit Brandon Crossing Apartments for $14.5 million. BUYER: Brandon Crossing Investors LLC (manager: Jared Brunnabend), MiamiSELLER: Brandon Crossing Partners Ltd.PROPERTY: 1911 Brandon Crossing Circle, BrandonPRICE: $14.5 millionPREVIOUS PRICE: $2.26 million, December 1982 and $1.3 million, January 1997LAW FIRM ON DEED: Lowndes Drosdick Doster Kantor & Reed PA, Orlando PLANS, […]<\/p>\n","protected":false},"author":1,"featured_media":2929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-2147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-miami"],"_links":{"self":[{"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/posts\/2147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/comments?post=2147"}],"version-history":[{"count":1,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/posts\/2147\/revisions"}],"predecessor-version":[{"id":2930,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/posts\/2147\/revisions\/2930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/media\/2929"}],"wp:attachment":[{"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/media?parent=2147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/categories?post=2147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entusiasmototal.com\/bayshore\/wp-json\/wp\/v2\/tags?post=2147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Miami’s Bayshore Investment Partners purchased the 200-unit Brandon Crossing Apartments for $14.5 million.<\/p>\n\n\n\n