Largo Apartment Complex Sells for $10.55 million
This month, Conerstone Pointe, an apartment complex in Pinellas County’s popular Largo sub-market was sold for $10.55 million.
The 111-unit complex, located at 301 Seacrest Dr. (33771) is comprised of eight, 2-story buildings.
Franklin Street represented both the buyer – Milbrook Properties, Ltd. (NY), and seller – a private investor.
The successful sale comes at a time when many investors are struggling to find viable value-add opportunities in apartment complexes over 100 units. This sale is notable for it’s desirable location and ROI-potential.
For more info on this sale, click here.
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