Coldwell Banker Commercial Realty Helps Investor Close $2.7m Purchase of 22-Unit Lakeside Apartment Complex in Winter Haven, Fla
WINTER HAVEN, FLA. (May 2, 2024) – Coldwell Banker Commercial Realty is pleased to announce the $2.7 million sale of 207 NW Lake Silver Drive, a 22-unit multifamily apartment complex along picturesque Lake Silver in Winter Haven.
Sam Mustafa of Coldwell Banker Commercial Realty represented the buyer, Haytham Khawaja. “Haytham is a long-time personal friend and client who sold his business of 19 years in Tampa to diversify into the Polk County multifamily market,” said Mustafa. Khawaja completed the transaction as a 1031 exchange buyer, an arrangement that permits the exchange of one real estate investment property for another, allowing capital gains taxes to be deferred.
“We only needed 30 days to identify this hot property on the lake in Winter Haven. The seller-assisted with partial short-term financing and other hidden values. I am so happy to help my friend make this exciting investment,” said Mustafa. He added, “These 22 superbly managed apartments by Village Realty of Winter Haven are one of the hottest attractions in the city with their water ski shows and amenities on the property bringing the lake to life for all the tenants.”
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Realty, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com.
Media Contact:
Kevin Guhl
Email: kevin.guhl@cbhomeoffice.com
Phone:973-407-5916
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