Tricera Capital Sells Mixed-use & Industrial Property In Tampa & St. Petersburg For $27.45M
SOLD
$27,450,000
Florida
See Similar DealsMixed-use132,248 SF
Sold 11/19/2021
SOLD
Tricera Capital Sells Mixed-use & Industrial Property In Tampa & St. Petersburg For $27.45M
442 W Kennedy Blvd, Tampa, FL, USA
See Similar DealsMixed-use132,248 SF
Sold 11/19/2021
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$207
Total Square Footage:132,248 SF
Transaction Type:Sale
Tricera Capital has sold a mixed-use and industrial property located at 442 W. Kennedy Blvd & 201 17th Street South in Tampa and St. Petersburg. The property spans a total of 132,248 square feet.
Summary of transation details
- Property Type: Mixed-use & Industrial
- Transaction Amount: $27,450,000
- Market: Tampa & St. Petersburg
- Seller: Tricera Capital - Ben Mandell
- Image Credit: Ben Mandell
- Date: 11/19/2021
- Address: 442 W. Kennedy Blvd & 201 17th Street South
This sale transaction was facilitated by Tricera Capital's representative, Ben Mandell.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,464,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$97,524.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$130,127.00
Annual Debt Service$1,561,524.05
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