Updated Oct 28, 2024
TLR Group & Sarees Investments Acquire Multifamily Property In Brandon For $88M
650 Tapestry Lane, Brandon, FL, USA
$88,000,000
$64,233/SF
Building Size
1,370 SF
Asset Type
MultiFamily
Closing
Nov 11, 2021
About this deal
AI
The multifamily property located at 650 Tapestry Lane in Brandon has been sold for a price of $88,000,000. The sale was finalized on November 12, 2021. The property consists of 287 units, with a per unit price of approximately $306,620.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $88,000,000
- Units: 287
- Price Per Unit: $306,620
The buyer of the property is TLR Group & Sarees Investments, while Arlington Properties represented by Jim Dixon acted as the seller. Jim Dixon from Arlington Properties served as the seller's representative in this transaction.
On the Map
$88,000,000
$64,233/SF
MultiFamily
View full map
Players
Brandon MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93