Cleveland Investor Pays $60k/u for San Pablo Apartments

An Ohio-based investor has paid $12M for the 200-unit San Pablo Apartments, located off of San Pablo and south of Beach Blvd.  The buyer, Tripointe Property Group, also plans extensive renovations of the interior and exterior.  The Florida Times-Union has the mention in its Sunday Business Notebook.

About scottrogersjax

30 years' in commercial real estate investment sales, banking, mortgage banking, and valuation. Trained and schooled in Atlanta, and now heading the Investment Sales Team in the Colliers Jacksonville office.

Posted on June 25, 2014, in Multifamily, Transactions and tagged , , , . Bookmark the permalink. Leave a comment.

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