facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

All

/

Sale

/

3935 West Cypress Street, T...

Updated Oct 28, 2024

Freedman’s Development Sells Tampa Storage Facility For $18.5M
SOLD

Freedman’s Development Sells Tampa Storage Facility For $18.5M

3935 West Cypress Street, Tampa, Florida 33607, United States

$18,500,000

$222/SF

Building Size

83,000 SF

Asset Type

Closing

Aug 14, 2022

About this deal

AI

3935 W. Cypress St in Tampa has been sold in a recent transaction. The property in question is a storage facility, spanning across 83,000 square feet. The sale, which was completed on 08/15/2022, was facilitated by Steve Freedman from Freedman's Development. The storage facility consists of 600 units, resulting in a price per unit of $30,833. The overall sale price of the property was $18,500,000, with a price per square foot of $223.

Summary of transaction details:

  • Property Type: Storage Facility
  • Transaction Amount: $18,500,000
  • Units: 600
  • Price per Unit: $30,833
  • Square Footage: 83,000
  • Price per Square Foot: $223
  • Seller: Freedman's Development - Steve Freedman

Steve Freedman, a representative of Freedman's Development, played a key role in this transaction. The sale of the storage facility marks a significant deal in Tampa's real estate market.

Players

Tampa CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Deal FAQ

About $222 per square foot on a published $18.5M for 83,000 square feet (2022).

Browse Florida sales on Traded.

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

More Deals

Nearby Markets