Updated Oct 28, 2024
Triton North Acquires Multifamily Property In Tampa, FL With $10.5M Loan From ACRES Capital
7402 Heritage Hills Dr, Tampa, Florida, USA
$10,500,000
$3,365/SF
Building Size
3,120 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
The acquisition of the multifamily property at 7402 Heritage Hills Dr in Tampa, FL has been finalized. The property, located in Heritage Cove, was acquired by Triton North.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Address: 7402 Heritage Hills Dr, Tampa, FL
- Market: Tampa, FL
ACRES Capital provided a loan of $10,500,000 for the acquisition. Brad Williamson from Berkadia represented Triton North in the deal.
The multifamily loan at 7402 Heritage Hills Dr, Tampa, Florida, USA in Temple Terrace, Florida financed for $10.5M in 2020. The building is 3,120 square feet, implying about 3.4K per square foot on the published price. Brad Williamson, Berkadia appear on the loan alongside Berkadia. This page is the Temple Terrace, Florida file for the 7402 Heritage Hills Dr, Tampa, Florida, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Temple Terrace sit in the Market section below. Filter that Temple Terrace multifamily set by closing date to see what else financed near 7402 Heritage Hills Dr, Tampa, Florida, USA around 2020. Published consideration for 7402 Heritage Hills Dr, Tampa, Florida, USA is $10.5M, dated 2020. Cite this Triton North Acquires Multifamily Property In Tampa, FL With $10.5M Loan From ACRES Capital loan when underwriting similar multifamily product around Temple Terrace, Florida.
Players
Temple Terrace MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93