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4939 East Busch Boulevard, ...

Dasmen Residential Acquires Tampa Multifamily From JSB Capital Group For $70M
SOLDMultiFamily

Dasmen Residential Acquires Tampa Multifamily From JSB Capital Group For $70M

4939 East Busch Boulevard, Tampa, Florida 33617, United States

$70,000,000

$243/SF

Building Size

287,088 SF

Asset Type

MultiFamily

Closing

May 15, 2022

AI

The multifamily property located at 4939 East Busch Boulevard in Tampa has been sold for a total price of $70,000,000. The transaction took place on May 16, 2022. The property consists of 384 units, with an average price per unit of $182,292. The total square footage of the property is 287,088, resulting in a price per square foot of $244.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $70,000,000
  • Market: Tampa
  • Buyer: Dasmen Residential
  • Seller: JSB Capital Group
  • Broker: Aaron Jungreis - Rosewood Realty

Aaron Jungreis from Rosewood Realty represented the buyer, Dasmen Residential, in the transaction. There is no additional information available about the deal.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

214 deals

Broker
DR
Dasmen ResidentialBuyer
JG
JSB Capital GroupSeller

Tampa MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93