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Lakeview Oaks Fetches $24 Million

252-Unit Apartment Bldg. Trades for $95,250 Per Unit
By Marcus Robinson
August 3, 2006 | 1:12 P.M.

LVO Collier LLC, or Paradigm Properties of Gainesville, FL, acquired Lakeview Oaks Apartments at 14201 Cyber Place in Tampa from 14250 Realty Associates Ltd of Tampa, FL. The site sold for $24 million, or approximately $95,250 per unit, with a 7.65% cap rate.

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