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
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