January 6, 2020 Comments Off on Tampa Apartment Community Trades for $37M Views: 791 Central Florida, Florida News, Top Florida

Tampa Apartment Community Trades for $37M

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Boca Raton-based Waypoint Residential has sold The Point at West End, a 356-unit multifamily community in Tampa’s Town-N-Country submarket for $37 million.

Located at 6161 Memorial Highway, The Point at West End is a 225,345-square-foot, garden-style apartment community that was developed in 1980. The community consists of 23, two-story residential buildings and one clubhouse. Amenities include a 24-hour fitness center, an outdoor grilling area, car-care center, resort-style pool with sundeck and a dog park. Since 2016, Waypoint invested $3.5 million in capital improvements at the property.

Luis Elorza, Brad Capas, Robert Given and Michael Mulkern of Cushman & Wakefield’s Multifamily Group represented Waypoint in the transaction. Tampa-based property management company Blue Roc Premier Properties and Associates sourced the property for their investors.

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