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
About this deal
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.
On the Map
$18,500,000
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Players
Post Road GroupBuyer
Post Road GroupBuyer
Tampa CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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