Federal Capital Partners Acquires Property At 3408 Lancaster Ct Tampa For $24M With Seller's Rep Matt Mitchell
SOLD
Florida
See Similar Deals273,506 SF
SOLD
Federal Capital Partners Acquires Property At 3408 Lancaster Ct Tampa For $24M With Seller's Rep Matt Mitchell
3408 Lancaster Ct, Tampa, FL, 33614
See Similar Deals273,506 SF
Summary
FLORIDA
Price Per Square Foot:$87
Total Square Footage:273,506 SF
Transaction Type:Sale
The property located at 3408 Lancaster Ct, Tampa, FL, 33614, has a total square footage of 273,506 and was sold for a price of $24,000,000.00 in the Tampa market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $24,000,000.00
- Address: 3408 Lancaster Ct, Tampa, FL, 33614
- Market: Tampa
- Seller's Representative: Matt Mitchell (Hall Structured Finance)
- Buyer: Federal Capital Partners
- Square Footage: 273,506
The transaction involved key individuals including Matt Mitchell representing Hall Structured Finance as the seller's representative and Federal Capital Partners as the buyer in this real estate deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
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