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Tampa apartments sell for $37 million

The Point at West End has an average rent of $976.

TAMPA — The Point at West End, a 356-unit apartment community in Town N Country, has sold for $37 million. Built in 1979, the complex consists of 23 one- and two-story buildings and a clubhouse on 19 acres at 6161 Memorial Highway. Cushman & Wakefield represented the seller, Waypoint Residential LLC, which had invested $3.5 million in capital improvements including interior and exterior renovations, upgraded landscaping and a new fitness center. The property was 91 percent leased at the time of sale. Blue Roc Premier Properties and Associates obtained the complex for its investors.

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