CLEARWATER, FL-A multifamily property in Clearwater has changed hands for $9.5 million. NW-Coral Cove LLC has sold Coral Cove Apartments, a 200-unit apartment complex at 25 N. Belcher Road, to WRH The Palms of Clearwater LLLP for $47,500 per unit.
The 156,400-square-foot property was constructed in 1985 and it was foreclosed in February. Colliers International Tampa Bay brokers Jason Stanton and John Stone negotiated the deal on behalf of the seller. For the full story, go to Tampa Bay Business Journal .
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