Updated Oct 29, 2024
Coltown Properties Acquires 369-Unit Multifamily In Tampa For $14.7M
10610 N 30th St, Tampa, FL 33612, USA
$14,700,000
$2,954/SF
Building Size
4,976 SF
Asset Type
MultiFamily
Closing
Oct 1, 2020
About this deal
AI
Coltown Properties has recently acquired a multifamily property located at 10610 N. 30th Street in Tampa. The transaction was facilitated by CBRE brokers Francesco Carriera and Michael Regan. The property consists of 369 units and was sold by TLR Group for a total price of $14,700,000. This translates to a price per unit of $39,837.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,700,000
- Address: 10610 N. 30th Street, Tampa
- Market: Tampa
- Buyer: Coltown Properties
- Seller: TLR Group
- Brokers: Francesco Carriera & Michael Regan – CBRE
- Units: 369
- Price per Unit: $39,837
This transaction not only demonstrates Coltown Properties' expansion in the Tampa market but also highlights the effectiveness of CBRE brokers Francesco Carriera and Michael Regan in facilitating successful deals within the multifamily sector.
On the Map
$14,700,000
$2,954/SF
MultiFamily
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Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93