Updated Oct 28, 2024
Capstone Communities Acquires Development Site In Tampa For $3.96M
15081 Cypress Cay Blvd, Lutz, Florida 33559
$3,960,000
Building Size
—
Asset Type
Development Site
Closing
Aug 12, 2022
About this deal
AI
The development site located at 15081 Cypress Cay Blvd in Tampa has been sold for $3,960,000. This property was acquired by Capstone Communities, represented by Ben Walker and Rob Howland. The transaction took place on 08/12/2022 and the sale price reflects the value of the asset.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,960,000
- Address: 15081 Cypress Cay Blvd
- Market: Tampa
Capstone Communities, led by Ben Walker and Rob Howland, acted as the buyers in this deal. They saw the potential in this development site and made the decision to invest in it. This transaction showcases their expertise in identifying lucrative opportunities in the real estate market.
Players
Lutz Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.01%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93