Primerica Group One Sells Multifamily Property In Tampa For $71M With Broker Reps Michael Schattner, Jonathan Brody & Alan Soclof
22743 Preakness Boulevard, Land O'Lakes, Florida 34639, United States
$71,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 25, 2022
AI
The multifamily property located at 22743 Preakness Blvd. in Tampa, FL has been sold for a total price of $71,000,000. The sale was handled by Primerica Group One, with brokerage services provided by Michael Schattner, Jonathan Brody, and Alan Soclof of Rosewood Realty Group. The property consists of 252 units, with an average price per unit of $281,746.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $71,000,000
- Address: 22743 Preakness Blvd., Tampa, FL
- Market: Tampa, FL
- Seller: Primerica Group One
- Seller's Brokers: Michael Schattner, Jonathan Brody, and Alan Soclof - Rosewood Realty Group
- Units: 252
- Price per Unit: $281,746
The deal was finalized on April 26, 2022, with the collaborating brokers representing the seller and ensuring the successful transaction between the parties involved.
Players
Land O Lakes 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93