Federal Capital Partners Acquires Property At 3408 Lancaster Ct Tampa For $24M With Seller's Rep Matt Mitchell
3408 Lancaster Ct, Tampa, FL, 33614
$24,000,000
$87/SF
Building Size
273,506 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
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.
On the Map
$24,000,000
$87/SF
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Players
Tampa 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93