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.
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