FRANKLIN STREET BROKERS $3.1M SALE OF NORTH TAMPA APARTMENT COMMUNITIES

TAMPA, FLA. — Franklin Street Real Estate Services has brokered the $3.1 million sale of Sandanay and Stonehenge Apartments, two adjacent multifamily communities located at 13132 N. 19th St. and 13136 N. 20th St. in north Tampa. The sales price equates to approximately $30,500 per unit. The buyer is a South Florida-based investor that plans to implement capital improvements to both apartment communities, which were built between 1967 and 1970. Kevin Kelleher, Darron Kattan, Robert Goldfinger and Zach Ames of Franklin Street represented the seller, a local investor, in the transaction. Danny York of Franklin Street Capital Advisors structured acquisition debt for the buyer, and Franklin Street’s insurance division provided the insurance policy.