Distressed Sand Dollar Apts. Trades for $1M
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CLEARWATER, FL-Colliers International Tampa Bay Florida has successfully managed the sales transaction of the 40-unit Sand Dollar Apartments. The apartment at 12708 N. 19th Street in the University of South Florida area was bought by Catholic Charities-Sand Dollar Inc. for $990,000. Crown NorthCorp Inc. sold off the property as a distressed sale.
The property is 32% occupied. Federal Neighborhood Stabilization Program's funds were used to make the purchase of the apartment building. For the full story, go to Florida Real Estate Journal.
Categories: Southeast, Multifamily, Acquisitions/Dispositions, Distressed Assets, Sales, Florida
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