Building Size
376,551 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in this transaction is located at 4023 Tampa Rd, Oldsmar, FL, 34677. The transaction was finalized for a total price of $47,100,000.00, encompassing a substantial area of 376,551 square feet and situated within the Oldsmar market.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $47,100,000.00
- Address: 4023 Tampa Rd, Oldsmar, FL, 34677
- Market: Oldsmar
- Seller's Representatives: Luis Castillo-JLL, Christopher -Chris Drew-JLL
- Buyer: Adler Real Estate Partners
This transaction involved the collaboration of two representatives from JLL, Luis Castillo and Christopher Drew, who represented the seller. The buyer, Adler Real Estate Partners, executed the acquisition, marking a significant movement in the local property market.
Players
Oldsmar 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93