Related Group Acquires 6 Acres Of Land In Tampa For $55.5M
102 South Parker Street, Tampa, Florida 33606, United States
$55,500,000
Building Size
—
Asset Type
—
Closing
Jul 26, 2022
About this deal
AI
A 6-acre land located at 102, 101 S Parker Street, 108 Cedar Avenue, and 110 Kellar Avenue in Tampa has been sold by Jon Paul Pérez and Jorge Pérez. The property was acquired by Related Group for a total price of $55,500,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $55,500,000
- Market: Tampa
- Address: 102, 101 S Parker Street, 108 Cedar Avenue & 110 Kellar Avenue
- Asset Type: Land
- Acres: 6
Related Group, represented by Jorge & Jon Paul Pérez, purchased the 6-acre land in Tampa from Jon Paul Pérez and Jorge Pérez for a total amount of $55,500,000.
Players
Tampa CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93