TAMPA, Fla. – Berkadia recently announced the sale of Oasis at Bayside, a multifamily property in Largo. Senior Director Jason Stanton in the Tampa office, Managing Director Cole Whitaker in the Orlando office and Associate Director Greg Rainey in the Jacksonville office helped facilitate the sale, which closed on Sept.15.
The 304-unit property was sold by Chicago-based, Redwood Capital Group to MLG Capital in Brookfield, Wisconsin.
“The Tampa market saw declines in vacancy rates during the second quarter of this year, reinforcing the fundamental strength of the submarkets. Oasis at Bayside was a particularly appealing investment due to its proven value-add program and central location with quick access to Tampa, Clearwater and St. Petersburg,” Stanton said.
Oasis at Bayside is located at 305 Glades Circle and was over 96 percent occupied at the time the sale was made. Featuring one-, two- and three-bedroom floor plans, all units include walk-in closets, outdoor storage, dishwashers and private patios. Community amenities include a 24-hour fitness center, dog park, boat and RV parking, a resort-style swimming pool and a clubhouse. It is conveniently located near U.S. Route 19, and top employers in the area include Home Shopping Network, Raymond James Financial and BayCare Health Systems.
Property images available upon request.
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
To learn more about Berkadia, please visit www.berkadia.com.
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