Diego Bonet Acquires Land In Tampa For $10M From Leroy Moore And Bank Of America Community Redevelopment Corp
1101 E Harrison St, Tampa, FL 33602
$10,000,000
$114/SF
Building Size
87,000 SF
Asset Type
Land
Closing
Apr 20, 2023
AI
The property involved in the transaction is a piece of land located at 1101 E. Harrison St in Tampa. It spans approximately 87,000 square feet and was sold for a total price of $10,000,000, resulting in a price-per-square-foot value of $115.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $10,000,000
- Buyer: Diego Bonet - LD&D
- Seller: Leroy Moore - Tampa Housing Authority & Bank of America Community Redevelopment Corp
- Broker: Cushman & Wakefield
- Lender: Maxim Capital Group
Diego Bonet, represented by LD&D, acquired the land from Leroy Moore, who represented the Tampa Housing Authority & Bank of America Community Redevelopment Corp, through the assistance of Cushman & Wakefield as the broker. The loan for the transaction was provided by Maxim Capital Group.
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93