Jason Shah Acquires Hotel In Tampa For $14.4M
3333 East Busch Boulevard, Tampa, Florida 33612, United States
$14,400,000
$141/SF
Building Size
101,494 SF
Asset Type
Hotel
Closing
Feb 23, 2022
About this deal
AI
A hotel located at 3333 E Busch Blvd in Tampa has been sold. The property, with a total square footage of 101,494, was purchased by Jason Shah from the seller, Alex Fawaz. The sale was facilitated by Ahmed Kabani of Marcus & Millichap.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: $14,400,000
- Address: 3333 E Busch Blvd, Tampa
- Market: Tampa
- Buyer: Jason Shah
- Seller: Alex Fawaz
- Broker: Ahmed Kabani - Marcus & Millichap
- Square Footage: 101,494
- Price Per Square Foot: $142
This sale represents a significant transaction in the Tampa market. The involvement of Jason Shah as the buyer, Alex Fawaz as the seller, and Ahmed Kabani of Marcus & Millichap as the broker highlights the key individuals and companies behind this deal.
On the Map
$14,400,000
$141/SF
Hotel
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Players
Tampa Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93