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1417 Tampa Park Plaza, Tamp...

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

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

1417 Tampa Park Plaza, Tampa, FL, USA

$28,500,000

Building Size

Asset Type

MultiFamily

Closing

Feb 18, 2021

AI

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

Darryl Shaw

Kettler

Buyer

$28.5M

vol

3 deals

Buyer

Tampa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93