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12802 Easy Street

Robert B. Boos Of Boos Development Acquires 54 Acres From Carole Baskin For $19.5M
SOLDLand

Robert B. Boos Of Boos Development Acquires 54 Acres From Carole Baskin For $19.5M

12802 Easy Street

$19,500,000

Building Size

Asset Type

Land

Closing

Jan 14, 2025

AI

The property asset involved in this transaction is a 54-acre parcel of land located at 12802 Easy Street in Tampa. It was sold for a price of $19,500,000. The land, formerly part of Big Cat Rescue, is located in a notable area and is set for future development.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $19,500,000
  • Buyer: Robert B. Boos - Boos Development
  • Seller: Carole Baskin - Big Cat Rescue
  • Lender: Seacoast National Bank
  • Loan Amount: $23,300,000
  • Market: Tampa

Key individuals involved in the transaction include Robert B. Boos, representing Boos Development, who facilitated the purchase of the land. Carole Baskin served as the seller, representing Big Cat Rescue, the previous owner of the property.

Players

Seacoast National Bank
Seacoast National BankLender

Tampa 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

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93