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1208 East Kennedy Boulevard...

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

Mosaic Realty Partners Acquires Mixed-Use Property In Tampa For $38.1M

1208 East Kennedy Boulevard, Tampa, Florida 33602, United States

$38,100,000

$328/SF

Building Size

115,899 SF

Asset Type

Mixed-use

Closing

Jun 29, 2022

AI

The mixed-use property located at 1208 E Kennedy Blvd in Tampa has been sold for a total of $38,100,000. The transaction took place on June 30, 2022. The property spans a total area of 115,899 square feet, making the price per square foot $329. The buyer of the property is Mosaic Realty Partners, while the seller is Mercury Advisors. Both parties were represented by brokers Mike Milano, Nicholas Coccodrilli, and Brandon Rapone from Colliers.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $38,100,000
  • Date: 06/30/2022
  • Address: 1208 E Kennedy Blvd, Tampa
  • Market: Tampa

Donald Jennewein and Nathan Lynch from Colliers served as the mortgage brokers in this deal. They assisted in securing the necessary financing for the transaction.

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

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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