Lantower Properties Acquires 1810 Sweetbroom Cir Lutz For $78.87M From UBS Realty Investors LLC
1810 Sweetbroom Cir, Lutz, FL, 33559
$78,870,000
$165/SF
Building Size
477,513 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property located at 1810 Sweetbroom Cir, Lutz, FL, 33559, is situated within the Lutz market. This transaction involves a total price of $78,870,000.00 for a property measuring 477,513 square feet.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $78,870,000.00
- Address: 1810 Sweetbroom Cir, Lutz, FL, 33559
- Market: Lutz
- Buyer: Lantower Properties
- Seller: UBS Realty Investors LLC
- Seller's Representative: Kevin Judd, ARA Newark
- Broker: Marc deBaptiste, ARA Newark
This transaction features Lantower Properties as the buyer and UBS Realty Investors LLC as the seller. Representing the seller was Kevin Judd from ARA Newark, while the broker involved in this deal was Marc deBaptiste, also with ARA Newark.
On the Map
$78,870,000
$165/SF
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Players
Lutz 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93