Franklin Street Brokers $56M Sale of St. Petersburg Apartments
Franklin Street has arranged the $56 million sale of Osprey Pointe Apartments, a 517-unit, garden-style multifamily community in St. Petersburg.
Osprey Pointe offers one-and two-bedroom units ranging from 625 to 1,058 square feet. Amenities include on-site professional management and maintenance, a tennis court, fenced playground area, dog park and a swimming pool and sundeck. The community is located at 1900 55th Ave. South in St. Petersburg.
Darron Kattan, Zach Ames, Avery Jordan and Mark Savarese of Franklin Street brokered the off-market transaction between the seller, Des Moines-based BH Equities, and the buyer, New York-based Axonic Properties. Axonic Properties plans to make significant improvements to Osprey Pointe, which was built in 1974.