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1101 E Harrison St, Tampa, ...

Diego Bonet Acquires Land In Tampa For $10M From Leroy Moore And Bank Of America Community Redevelopment Corp
SOLDLand

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

Diego Bonet

LD&D

Buyer

$44.3M

vol

3 deals

Buyer
Bank of America
Bank of AmericaSeller
Maxim Capital Group
Maxim Capital GroupLender

Miami Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

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