Updated Dec 2, 2024
Ivanhoe Cambridge Acquires Multifamily Property In Tampa For $108.8M
12201 Lexington Park Dr, Tampa, FL, USA
$108,800,000
$67,243/SF
Building Size
1,618 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
About this deal
AI
Located at 12201 Lexington Park Dr in Tampa, this multifamily property was recently sold in a transaction valued at $108,800,000. The property consists of 400 units, resulting in a per unit price of $272,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $108,800,000
- Market: Tampa
- Buyer: Ivanhoe Cambridge - Nathalie Palladitcheff
- Seller: Greystar - Bob Faith & Kevin Kaberna
- Date: 11/19/2021
The buyer, Ivanhoe Cambridge represented by Nathalie Palladitcheff, acquired the property from the seller, Greystar, which was represented by Bob Faith and Kevin Kaberna.
On the Map
$108,800,000
$67,243/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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93