SOLD
Post Road Group Acquires 1.5 Acres Of Land In Tampa For $18.5M
1242 Channelside Drive, Tampa, Florida 33602, United States
$18,500,000
Building Size
—
Asset Type
—
Closing
Apr 1, 2023
AI
The property involved in this closed transaction is a land located at 1242 Channelside Drive, 629 N 12th Street, and 635 N 12th Street in Tampa. The land spans approximately 1.5 acres in size.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $18,500,000
- Date: 01/04/2023
- Market: Tampa
- Buyer: Post Road Group - Michael Bogdan & Kevin Davis
- Lender: CIBC Bank
The buyers in this transaction are Michael Bogdan and Kevin Davis from the Post Road Group. The lender involved in the deal is CIBC Bank.
Players
Post Road GroupBuyer
Post Road GroupBuyer
Tampa CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93