Updated Dec 21, 2023
Marcus & Millichap Facilitates $10.35M Sale Of Multifamily Property In Tampa
115 South Lois Avenue, Tampa, FL, USA
$10,350,000
$14,375/SF
Building Size
720 SF
Asset Type
MultiFamily
Closing
Nov 12, 2020
About this deal
AI
Located at 115 South Lois Avenue in Tampa, this multifamily property was recently sold on November 13, 2020. The transaction was facilitated by David G. Bradley, Casey Babb, Luis Baez, and Shawn Rupp, representing Marcus & Millichap. The property consists of 56 units, with a price of $10,350,000. This translates to a per unit price of $184,821.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,350,000
- Units: 56
- Price Per Unit: $184,821
- Address: 115 South Lois Avenue, Tampa
This sale involved notable individuals from Marcus & Millichap, including David G. Bradley, Casey Babb, Luis Baez, and Shawn Rupp. They played a crucial role in representing the parties involved in this transaction.
On the Map
$10,350,000
$14,375/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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93