Providing news, research, data and properties in Southwest Florida – Site offered by Sean Dreznin of Dreznin Pappas Commercial Real Estate LLC.

SOLD * SOLD * SOLD * 60-unit apartment complex in Sarasota, FL

SOLD : $5,625,000

August 2017

The Hillview and Chez Ami Apartment complexes near Sarasota Memorial Hospital, were sold to a single buyer who intends to renovate and improve the properties.

2050 Hillview St – Google Maps <—– Aerial Drone type view

The sale set some local benchmarks for Class C property sales.  The per unit sale was at $92,200 and the price per square foot was approx $128 PSF.

We are proud of this transaction and thrilled at the satisfaction of both the buyer and seller.

All partners of SBR Commercial and parties came together to successfully close this transaction. 

 

1_SBR+Commercial+Logo_edited+(3)

Leave a comment