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
Tampa Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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