Ambassador Properties LLC of Santa Monica, CA acquired the Andover Club and Ambassador Square, which are at 4824 E. Busch Blvd. in Tampa, FL. Ambassador Properties acquired the property from Kings Ambassador Associates Ltd. of Coral Gables. The total purchase price for both properties was $9 million, or about $52,326 per unit. The cap rate that was established for both properties combined was 7.65%.
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IN THIS ARTICLE
- Properties
- Andover Club Apartments
4824 Busch Blvd, Tampa, FL