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

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SOLD
$19,500,000

Florida

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Land
Sold 01/14/2025
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Property Image
SOLD

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

12802 Easy Street

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Land
Sold 01/14/2025
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Summary

FLORIDA
Asset Type:Land
Transaction Type:Sale

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

LENDER

Details

SOLD
IMAGE: Carole Baskin & Robert B. Boos DATE: 01/14/2025 ADDRESS: 12802 Easy Street MARKET: Tampa ASSET TYPE: Land ~ ACRES: 54 BUYER: Robert B. Boos - Boos Development (@BoosDevelopment) SELLER: Carole Baskin (@CaroleBaskincat) - Big Cat Rescue LENDER: Seacoast National Bank (@Seacoast_Bank) SALE PRICE: $19,500,000 NOTE: Boos Development purchased 54 acres of Tiger King-famous Big Cat Rescue's Citrus Park site in Tampa for $19.5M, with a $23.3M loan from Sea Coast National Bank. The land is expected to be developed into townhomes, though specific plans have not been disclosed.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,039,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$69,279.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,439.95
Annual Debt Service$1,109,279.38