Updated Oct 28, 2024
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
About this deal
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.
On the Map
$70,000,000
$243/SF
MultiFamily
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Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $243 per square foot on a published $70M for 287,088 square feet (2022).
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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