Primerica Group One Sells Multifamily Property In Tampa For $71M With Broker Reps Michael Schattner, Jonathan Brody & Alan Soclof
SOLD
$71,000,000
Florida
See Similar DealsMultiFamily
Sold 04/26/2022
SOLD
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
See Similar DealsMultiFamily
Sold 04/26/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,786,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$252,248.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$336,576.22
Annual Debt Service$4,038,914.67
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