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180 Lakewood Drive

Joe Cohen Acquires Development Site On Lakewood Drive In Tampa For $3.6M
SOLDDevelopment Site

Joe Cohen Acquires Development Site On Lakewood Drive In Tampa For $3.6M

180 Lakewood Drive

$3,600,000

$20/SF

Building Size

172,062 SF

Asset Type

Development Site

Closing

Jan 22, 2024

AI

A development site located at 180 Lakewood Drive in Tampa has been sold for $3,600,000. The property spans 172,062 square feet, resulting in a price per square foot of $21. The transaction took place on January 22, 2024.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $3,600,000
  • Address: 180 Lakewood Drive
  • Market: Tampa
  • Square Footage: 172,062

The buyer of the development site was Joe Cohen, while Gary Edwards acted as the seller. Shelly Poston of Gridline Properties represented both parties as the broker in the deal.

Players

Shelly Poston

Gridline Properties

Broker

$58.9M

vol

15 deals

Broker

Brandon Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93