Updated Oct 29, 2024
TLR Group Acquires Multifamily Property In Tampa For $42.8M
4902 North Macdill Avenue, Tampa, FL 33614, USA
$42,800,000
$174/SF
Building Size
245,050 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
About this deal
AI
The multifamily property located at 4902 N Macdill Ave in Tampa has been sold for a price of $42,800,000. The transaction took place on July 1, 2020, and the property consists of 372 units. The price per unit for this sale was $115,053.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $42,800,000
- Units: 372
- Price per Unit: $115,053
The buyer of this property is TLR Group, while the seller is RADCO Cos represented by Norman Radow.
The multifamily sale at 4902 North Macdill Avenue, Tampa, FL 33614, USA in Tampa, Florida sold for $42.8M in 2020. Reported inventory is 245,050 square feet across 372 units, or about 174 per square foot. This page is the Tampa, Florida file for the 4902 North Macdill Avenue, Tampa, FL 33614, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Tampa sit in the Market section below. Filter that Tampa multifamily set by closing date to see what else sold near 4902 North Macdill Avenue, Tampa, FL 33614, USA around 2020. Published consideration for 4902 North Macdill Avenue, Tampa, FL 33614, USA is $42.8M, dated 2020. Cite this TLR Group Acquires Multifamily Property In Tampa For $42.8M sale when underwriting similar multifamily product around Tampa, Florida.
On the Map
$42,800,000
$174/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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93