TA Realty Acquires Multifamily Property In Tampa For $157M
109 W Fortune St, Tampa, FL, USA
$157,000,000
$711/SF
Building Size
220,669 SF
Asset Type
MultiFamily
Closing
Aug 18, 2020
AI
Located at 109 W Fortune St in Tampa, this multifamily property was recently sold in a closed transaction. The sale took place on August 18, 2021, and the property consists of 394 units. The sale price for this transaction was $157,000,000, resulting in an average price-per-unit of $398,477.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $157,000,000
- Address: 109 W Fortune St, Tampa
- Market: Tampa
Jim Buckingham of TA Realty acted as the buyer in the transaction, while Larry Connor represented the Connor Group as the seller. Both parties were instrumental in closing the deal.
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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93