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115 South Lois Avenue, Tamp...

Marcus & Millichap Facilitates $10.35M Sale Of Multifamily Property In Tampa
SOLDMultiFamily

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

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.

Players

Luis Baez

Colliers

Broker

$168.2M

vol

6 deals

Broker

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