An example of an immense value creation by Westside. Acquired in 2018 for ~$21 million and sold for $42.5 million in 2023, Westside's investments catalyzed the entire neighborhood! https://lnkd.in/eS8qMZuW
SALE IMAGE: Joe Fishman, Justin Basquill, Jakub Hejl, Luke Wickham, Sean Williams & Shelton Granade DATE: 12/06/2023 ADDRESS: 4610 North Armenia Avenue MARKET: Tampa ASSET TYPE: Multifamily ~ ACRES: 5 BUYER: INFINITY BH LTD. - Joe Fishman SELLER: Westside Capital Group - Jakub Hejl BROKERS: Justin Basquill, Luke Wickham , Shelton Granade & Sean Williams - Institutional Property Advisors - Marcus & Millichap SALE PRICE: $42,500,000 UNITS: 240 ~ PPU: $177,083 NOTE: Institutional Property Advisors, a division of Marcus & Millichap, has facilitated the sale of Buena Vista, a 240-unit multifamily property in Tampa, Florida. The transaction, representing a trend of capital inflow to Florida, involved the seller Westside Capital Group and the buyer Infinity BH, and the property offers value-add potential with amenities like covered parking, a resort-style pool, and convenient access to major demand drivers in Tampa. #Miami #RealEstate #tradedmia #MIA #Tampa #Multifamily #JustinBasquill #LukeWickham #SeanWilliams #InstitutionalPropertyAdvisors #SheltonGranade #MarcusandMillichap #WestsideCapitalGroup #JakubHejl #InfinityBH #JoeFishman