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
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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93