facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Mixed Use

/

Sale

/

1120 East Kennedy Boulevard...

Mosaic Realty Partners Acquires Retail/Office Mixed Use Property In Tampa For $38.1M
SOLDMixed-use

Mosaic Realty Partners Acquires Retail/Office Mixed Use Property In Tampa For $38.1M

1120 East Kennedy Boulevard, Tampa, Florida 33602, United States

$38,100,000

$328/SF

Building Size

115,899 SF

Asset Type

Mixed-use

Closing

Jun 23, 2022

AI

1120 E Kennedy Blvd, a retail/office mixed-use property, located in Tampa, was recently sold in a transaction worth $38,100,000. The property spans 115,899 square feet, resulting in a price per square foot of $329. The sale took place on June 24, 2022.

Summary of transaction details:

  • Property Type: Retail/Office Mixed Use
  • Transaction Amount: $38,100,000
  • Address: 1120 E Kennedy Blvd
  • Market: Tampa

The buyer of the property was Mosaic Realty Partners, while the seller was Mercury Advisors. The deal was facilitated by brokers Mike Milano, CCIM, Nicholas Coccodrilli, and Brandon Rapone, CCIM, from Colliers.

These individuals played a key role in the successful completion of the transaction, representing the buyer and seller. Mosaic Realty Partners, a reputable real estate company, acquired the property from Mercury Advisors. On the other hand, Mike Milano, Nicholas Coccodrilli, and Brandon Rapone, from Colliers, served as the brokers in this deal.

Players

Brandon Rapone

Colliers

Broker

$79.4M

vol

3 deals

Broker
MP
Mosaic Realty PartnersBuyer
MA
Mercury AdvisorsSeller

Tampa Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93