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.

 

Contact us at 813.514.1070 for more information on Sales and Leasing Commercial Property in Greater Tampa Area
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