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22743 Preakness Boulevard, ...

Primerica Group One Sells Multifamily Property In Tampa For $71M With Broker Reps Michael Schattner, Jonathan Brody & Alan Soclof
SOLDMultiFamily

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

Jonathan Brody

Base Realty Group

Broker

$1.7B

vol

48 deals

Broker
PO
Primerica Group OneSeller

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