Phoenix Realty Sells Sunstone Apts in Tampa
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Phoenix Realty Group LLC sold the 536-unit Sunstone Apartments at 12702 University Club Dr. in Tampa, FL to The RADCO Companies for $ 41.7 million, or approximately $ 78,000 per unit. The 471,529-square-foot multifamily community consists of one-, two- and three-bedroom units in 70 buildings. It was built in 1973 in the University Square MF submarket and was 91 percent occupied at the time of sale. Jonathan Barclay of JBM Institutional Multifamily…
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