Florida & Gulf Coast + Central Florida + Apartments | May 20, 2022

Multifamily apartments HITE and Notch in Tampa, FL have been acquired for a combined $60.5 million.

$61M Buys Two Multifams in Tampa’s Seminole Heights Neighborhood

CBRE has secured $50.3 million in acquisition financing for two multifamily properties, HITE and Notch, both located in Tampa, FL’s historic Seminole Heights neighborhood. The portfolio sold for $60.5 million.

Eric Fixler and Chandler Kaye with CBRE worked on behalf of the borrower, a private investor. Ready Capital provided the senior loan with additional proceeds to complete tenant improvements for the ground floor retail and other capital improvements.

Located at 6006 N. Florida Ave., HITE is a five-story apartment complex totaling 81 units. Community amenities include elevator service, an outdoor grilling station, pet wash station, bike storage, covered parking, and 6,771 square feet of ground floor retail.

Located at 6307 N. Nebraska Ave., Notch is a four-story apartment complex totaling 112 units. Community amenities include a fitness center, private garages, bike storage, a pet spa, and 1,144 square feet of ground floor retail.

Photo: Notch

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.