Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LARGO, FL-On the market for only two weeks, the 32-year-old, 15-building Country Club Villas flips ownership to Puig Development of Hialeah for the listing price of $8.97 million or about $111,111 per unit. CCV Associates of Florida, a Chicago-based syndicator, sold the asset.

The deal conforms to the seller’s partnership strategy, Bob Goldfinger, a partner in Goldfinger-Johnson-Crotty Group at Marcus & Millichap’s Tampa office, tells GlobeSt.com. The Goldfinger Group represented the seller. Still Hunter and Evan Kristol of Marcus & Millichap’s Fort Lauderdale office negotiated for the buyer. The acquisition was financed by a lender who asked the brokers to withhold its identity, Goldfinger says.

The transaction took a little more than six months to complete, from contract signing to closing. The average asking rent range is $600 per month for one-bedroom, one-bath units to $929 for three-bedroom, two-bath homes.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.