LIV Development Acquires Development Site In Thonotosassa For $6.6M
9250 East Fowler Avenue, Thonotosassa, FL, USA
$6,600,000
$4/SF
Building Size
1,572,516 SF
Asset Type
Development Site
Closing
Jan 11, 2021
AI
An undisclosed development site located at 9250 E. Fowler Avenue in Thonotosassa has been sold. The transaction took place on January 12, 2021, with a sale price of $6,600,000. The property, which was sold by Big Top of Tampa Inc, attracted the buyer LIV Development. The development site is situated in the Thonotosassa market and offers great potential for future development.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $6,600,000
- Date: 01/12/2021
- Address: 9250 E. Fowler Avenue
- Market: Thonotosassa
Nancy Surak from Land Advisors Organization represented the seller, Big Top of Tampa Inc, in this transaction. The involvement of Nancy Surak showcases the expertise and experience that the Land Advisors Organization brings to the deal. No further details regarding the buyer or specific plans for the development site have been disclosed.
Players
Thonotosassa 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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93