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Blackhawk Sells Temple Terrace Apts for $9.9M

96-Unit Seastone Luxury Apts Trade Hands
October 26, 2016
A private investor acquired the 96-unit Seastone Luxury Apartments at 11050 Le Jardin Cir. in Temple Terrace, FL from Blackhawk Realty Advisors, Inc. for $9.9 million, or about $103,000 per unit.

The 112,440-square-foot multifamily community consists of two- and three-bedroom units in eight buildings. It was built in 1973 in the Temple Terrace submarket. It was reported to be 97 percent occupied at the time of sale.

Robert Goldfinger, Darron Kattan, Kevin Kelleher and Zach Ames of Franklin Street Real Estate Services represented the seller. The buyer handled the sale in-house.

Please see CoStar COMPS #3722010 for more information on this transaction.
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