Private Investor Acquires Property In Tampa For $2.8M With Seller's Rep Daniel Becker
SOLD
$2,800,000
Florida
See Similar DealsLand4,000 SF
SOLD
Private Investor Acquires Property In Tampa For $2.8M With Seller's Rep Daniel Becker
12815 Bayou Branch Ave, Tampa, FL...
See Similar DealsLand4,000 SF
Summary
FLORIDA
Asset Type:Land
Price Per Square Foot:$700
Total Square Footage:4,000 SF
Transaction Type:Sale
A 4,000-square-foot single-tenant property located at 12815 Bayou Branch Ave in Tampa, FL was sold for $2,800,000. The property is occupied by Banfield Pet Hospital, which has engaged in a 10-year lease. The transaction took place in the Tampa market.
Summary of transaction details:
- Property Type: Single-tenant
- Transaction Amount: $2,800,000.00
- Address: 12815 Bayou Branch Ave, Tampa, FL
- Market: Tampa
- Seller's Representative: Daniel Becker-SRS Real Estate Partners
- Buyer: Private Investor
- Seller: Soho Capital
- Lease Duration: 10 years
Patrick Nutt and William Wamble, along with Daniel Becker of SRS Real Estate Partners, were involved in arranging the transaction. The buyer, a private investor based in Florida, purchased the property as part of a 1031 exchange. The property is situated across from North Bay Shopping Center, a retail center anchored by Publix and Lowe’s Home Improvement.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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