TAMPA & CLEARWATER, FLA. — Berkadia’s Orlando and Tampa offices have arranged the sale of two Florida properties totaling nearly $53 million. Berkadia negotiated the sale and financing of Mainsail South Residences, a multifamily property located at 4711 S. Himes Ave. in Tampa. Jason Stanton of the Tampa office, along with Cole Whitaker and Hal Warren of the Orlando office, completed the sale on Sept. 10. Justin Ownby of the Tampa office negotiated the $25 million acquisition loan through Berkadia’s Fannie Mae Program. The sellers were Mainsail Villas II LLC and Mainsail Villas Holdings LLC of Tampa. Avesta Acquisition LLC, of Tampa, was the buyer and plans to renovate the property’s interior, exterior and common areas.
The 10-year loan features a 2.6 percent floating interest rate and a 30-year amortization schedule. Mainsail South Residences is a 319-unit property built in 1984. Unit amenities include fully equipped kitchens, ceiling fans, cable and Internet access, washer and dryer units, vaulted ceilings and patios or balconies. Select units have fireplaces. Community amenities include a swimming pool, Jacuzzi, sun deck, laundry facility, business center, clubhouse, recreation room, extra storage space and secured access gating. The property is 95 percent occupied and is located on a community lake with a pedestrian bridge to a waterfront trail. Located near Gandy Boulevard, Gandy Expressway and Dale Mabry Highway, Mainsail South Residences is less than one mile from Britton Plaza Shopping Center and 1.5 miles from Ballast Point Park.
Stanton, Whitaker and Warren also recently completed the $21.4 million sale of the Enclave at Northwood, a multifamily property located at 2390-2692 Enterprise Road East in Clearwater. Preston Giuliano Capital Partners was the buyer, and the seller was StoneBridge Investments. Built in 1984, Enclave at Northwood is a 188-unit property featuring one-, two- and three-bedroom floor plans. Unit amenities include fully equipped kitchens with updated cabinets and appliances, balconies or patios, ceiling fans, washer and dryer hookups, window coverings and fireplaces. Community amenities include two swimming pools, a fitness center, two lighted tennis courts and 24-hour emergency maintenance. Enclave at Northwood is located near Florida State Route 19 and is seven miles from downtown Clearwater.