Updated Oct 28, 2024
Regent Acquires Multifamily Asset In Tampa For $10.75M With Broker Matthew Valeri - CBRE
4131 East Busch Boulevard, Tampa, FL 33617
$10,750,000
$91/SF
Building Size
118,048 SF
Asset Type
MultiFamily
Closing
Jun 2, 2020
About this deal
AI
An eight-building multifamily property located at 4131 E. Busch Blvd in Tampa has been sold for a price of $10,750,000. The sale was completed on June 2, 2021, and the asset consists of 96 units. With a price per unit (PPU) of $111,979, this transaction indicates a significant investment in the Tampa multifamily market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $10,750,000
- Units: 96
- Price Per Unit: $111,979
The buyer of the property was Regent, while Tropical Property Management acted as the seller. The deal was facilitated by Matthew Valeri of CBRE. As the broker representing Regent, Matthew Valeri played a crucial role in the successful completion of the transaction.
On the Map
$10,750,000
$91/SF
MultiFamily
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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
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93