Miami investment group buys Brandon Crossing Apartments

BUYER: Brandon Crossing Investors LLC (manager: Jared Brunnabend), Miami
SELLER: Brandon Crossing Partners Ltd.
PROPERTY: 1911 Brandon Crossing Circle, Brandon
PRICE: $14.5 million
PREVIOUS PRICE: $2.26 million, December 1982 and $1.3 million, January 1997
LAW FIRM ON DEED: Lowndes Drosdick Doster Kantor & Reed PA, Orlando

PLANS, DESCRIPTION:
Miami's Bayshore Investment Partners purchased the 200-unit Brandon Crossing Apartments for $14.5 million.

The price equated to $72,500 per unit. That figure is lower than the average price per unit for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.