Updated Nov 27, 2024
Blackstone Group Acquires Multifamily Property In Tampa For $76.5M
5145 South Dale Mabry Highway, Tampa, FL, USA
$76,500,000
$50,032/SF
Building Size
1,529 SF
Asset Type
MultiFamily
Closing
Apr 8, 2021
About this deal
AI
A multifamily property located at 5145 South Dale Mabry Highway in Tampa has been sold for a total price of $76,500,000. The property consists of 300 units, with a price per unit of $255,000. The sale took place on April 9, 2021. The buyers of the property were Blackstone Group, represented by Stephen Schwarzman and Jon Gray, while the sellers were List Developers and Gries Investment Funds.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $76,500,000
- Units: 300
- Price Per Unit: $255,000
- Address: 5145 South Dale Mabry Highway, Tampa
- Market: Tampa
The Blackstone Group, led by Stephen Schwarzman and Jon Gray, acquired the property from List Developers and Gries Investment Funds in this transaction.
On the Map
$76,500,000
$50,032/SF
MultiFamily
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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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93