Updated Oct 29, 2024
Covenant Capital Group Acquires Tampa Multifamily For $82.5M
3303 North Lakeview Drive, Tampa, FL, USA
$82,500,000
$11,289/SF
Building Size
7,308 SF
Asset Type
MultiFamily
Closing
Jan 6, 2021
About this deal
AI
The multifamily property located at 3303 N. Lakeview Drive in Tampa has been sold in a recent transaction. The sale took place on 01/07/2021. The property is situated in the Tampa market and is part of a multifamily asset type.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $82,500,000
- Units: 640
- Price per Unit (PPU): $128,906
The buyer of the property is Covenant Capital Group, while the seller is Eastern Properties. The transaction was facilitated by brokers Mike Donaldson and Nick Meoli from Cushman & Wakefield.
Players
Tampa 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93