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330 Brandon Town Center Dri...

Coastal Commercial Acquires Medical Office In Brandon For $14M
SOLD

Coastal Commercial Acquires Medical Office In Brandon For $14M

330 Brandon Town Center Drive, Brandon, Florida 33511, United States

$14,000,000

$311/SF

Building Size

45,000 SF

Asset Type

Closing

Aug 4, 2022

AI

A medical office located at 330 Brandon Town Center Drive in Brandon has been sold for $14,000,000. The property spans approximately 45,000 square feet, resulting in a price per square foot of $311. The transaction took place on August 5, 2022. The buyer's representative in the deal was David Tower from Coastal Commercial Real Estate, while the seller was represented by James Ullrich and Michael Macchia from Stan Johnson Company. The property is situated in the Brandon market.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $14,000,000
  • Address: 330 Brandon Town Center Drive
  • Market: Brandon
  • Buyer's Representative: David Tower - Coastal Commercial Real Estate
  • Seller's Representatives: James Ullrich & Michael Macchia - Stan Johnson Company
  • Square Footage: 45,000
  • Price per Square Foot: $311

James Ullrich and Michael Macchia from Stan Johnson Company represented the seller in this transaction, while David Tower from Coastal Commercial Real Estate served as the buyer's representative. The sale took place on August 5, 2022, and involved a medical office located at 330 Brandon Town Center Drive in Brandon. With a total area of approximately 45,000 square feet, the property was sold for a price of $14,000,000, resulting in a price per square foot of $311. The transaction occurred in the Brandon market.

Players

James Ullrich

Colliers

Broker

$161.5M

vol

6 deals

Broker
Stan Johnson Company
Stan Johnson CompanyBrokerage

Brandon 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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93