Avesta Communities buys Northgate Club

By: Sean Roth | Real Estate Editor

Avesta buys apartments

Avesta buys apartments

September 06, 2013

Tampa-based Avesta Communities LLC purchased the 120-unit Northgate Club apartment complex for $7 million.

The price equated to $58,333 per unit.

Built in 1988, Northgate Club features 16 one- and two-story apartment buildings and a clubhouse on a 9.99-acre site. The 109,200-square-foot development includes 60 one-bedroom units and 60 two-bedroom, two-bath units. Units average 910 square feet.

Amenities include a clubhouse with management and leasing offices, an entertaining area with outdoor bar, fitness center and swimming pool.

Northgate Club was 86% occupied at the time of the sale.

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