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Milbrook Properties Buys Cornerstone Pointe Apts in Largo

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Millbrook Properties Ltd. acquired the 111-unit Cornerstone Pointe Apartments at 301 Seacrest Dr. in Largo, FL from Bayside Ventures II LLC for $ 10.55 million, or about $ 95,000 per unit. The 113,100-square-foot multifamily building was built in the early 1970s with 37 one-bedroom and 74 two-bedroom apartments across eight buildings. The asset was 98 percent occupied at the time of sale. Kevin Kelleher, Darron Kattan, Zach Ames and Robert Goldfinger…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

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