Tampa’s Palm Avenue Apartments Sell For $14.7 Million

By Jay Wittner October 5, 2020

The Palm Avenue Apartments, a 369 door complex in Tampa, has just sold for $14.7 million.  The facility consists of 46 buildings and was built in the mid 1970s. The seller was the TLR Group and the buyer was Coltown Properties. The transaction works out to about $40,000 per unit. TLR was able to assume an existing Fannie Mae loan.