Lurin Acquires 22.6 Acre Multifamily In Tampa For $132M
4003 South West Shore Boulevard, Tampa, Florida 33611, United States
$132,000,000
Units
689
Asset Type
MultiFamily
Closing
Jun 15, 2022
AI
The multifamily property located at 4003 S West Shore Blvd in Tampa has been sold in a closed transaction. The property spans across 22.6 acres and features a total of 689 units. The sale price for this transaction amounted to $132,000,000, resulting in a per unit price of $191,582. The seller of the property was Gamma Real Estate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $132,000,000
- Units: 689
- Per Unit Price: $191,582
- Address: 4003 S West Shore Blvd, Tampa
- Market: Tampa
- Seller: Gamma Real Estate
Lurin represented by Jon P. Venetos acted as the buyer in this transaction. Acore Capital Mortgage served as the lender.
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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93