facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

1417 Tampa Park Plaza, Tamp...

Updated Oct 29, 2024

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

Units

372

Asset Type

MultiFamily

Closing

Feb 18, 2021

About this deal

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.

On the Map

Open live map

$28,500,000

MultiFamily

View full map

Players

Darryl Shaw

Kettler

Buyer

$28.5M

vol

3 deals

Buyer
Bilt advertisement

Tampa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $76.6K per unit across 372 units on a published $28.5M (2021).

Visit Darryl Shaw to view all their deals.

Browse Florida multifamily sales on Traded.

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

More Deals

Nearby Markets