LIV Development Acquires Development Site In Thonotosassa For $6.6M
SOLD
$6,600,000
Florida
See Similar DealsDevelopment Site1,572,516 SF
Sold 01/12/2021
SOLD
LIV Development Acquires Development Site In Thonotosassa For $6.6M
9250 East Fowler Avenue, Thonotosassa, FL, USA
See Similar DealsDevelopment Site1,572,516 SF
Sold 01/12/2021
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$4
Total Square Footage:1,572,516 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$352,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41
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