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Kettler & Darryl Shaw Acquire Multifamily Property In Tampa For $28.5M

Property Image
SOLD
$28,500,000

Florida

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MultiFamily
Sold 02/19/2021
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Property Image
SOLD

Kettler & Darryl Shaw Acquire Multifamily Property In Tampa For $28.5M

1417 Tampa Park Plaza, Tampa, FL, USA

See Similar Deals
MultiFamily
Sold 02/19/2021
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

Located at 1417 Tampa Park Plaza in Tampa, this multifamily property was recently sold. The transaction took place on 02/19/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $28,500,000
  • Number of Units: 372
  • Price per Unit: $76,613

The buyers, Kettler and Darryl Shaw, acquired the property. The sale was facilitated by Vertica Partners LLC, acting as the broker in the deal.

With its prime location in Tampa, this multifamily property offers great investment potential. Its 372 units make it a substantial asset in the market, with a sale price of $28,500,000. The price per unit was estimated at $76,613, indicating a lucrative deal for the buyers. Kettler and Darryl Shaw recognized the value of this multifamily property and made the wise decision to invest in it.

Vertica Partners LLC played a crucial role as a broker in this transaction, ensuring a smooth and successful deal between the buyers and sellers. Their expertise and negotiation skills were valuable in finalizing a favorable agreement.

Players

DS
Darryl Shaw
3 deals$28.5M volume
BUYER

Details

SOLD
IMAGE: Darryl Shaw DATE: 02/19/2021 ADDRESS: 1417 Tampa Park Plaza MARKET: Tampa ASSET TYPE: Multifamily BUYER: Kettler & Darryl Shaw BROKER: Vertica Partners LLC PRICE: $28,500,000 UNITS: 372 ~ PPU: $76,613

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,519,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$101,254.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$135,104.54
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