Tampa, FL – May 3, 2013 – Cushman & Wakefield’s Florida Apartment Brokerage Services today announced the sale of Lakeside Village for $18.3 million. The purchaser of Lakeside Village was Robbins Property Associates, LLC. Executive Director Byron Moger and Senior Director Luis Elorza of Cushman & Wakefield were the only brokers involved in the transaction.
Lakeside Village is a 304-unit apartment community located in the St. Petersburg area. Totaling 239,124 square feet, the garden-style apartment community offers a mix of 1, 2 and 3 bedrooms. The property features amenities including two resort-style swimming pools, 24-hour state-of-the-art fitness center, dog park and lakeside walking / jogging trail.
“Lakeside has an excellent location on 4th Street North in St. Petersburg. The Gateway apartment market is one of the best performing apartment markets in the Tampa MSA with high occupancy rates. Existing and new residents will value the significant capital improvements that are planned for the property.” said Luis Elorza of Cushman & Wakefield, Inc.