Douglas Hirsh Enterprises acquired the 158-unit Park Village apartments at 11300 66th St. in Largo, FL from Kimball Key LLC for $20.4 million, or about $145,000 per unit.
The 166,208-square-foot multifamily property delivered in 1984 near the Gateway business district in Pinellas County. The community offers a swimming pool, clubhouse, playground and tennis courts in addition to more than 300 parking spaces.
“The acquisition of Park Village gives new ownership the ability to capitalize on a fully renovated, stabilized and efficient asset,” says Frank Carriera, senior managing director.
Frank Carriera and Michael Regan of Marcus & Millichap represented the seller. The buyer handled the sale in-house.
Please see CoStar COMPS #4092809 for more information on this transaction.