Updated Oct 28, 2024
Cortland Acquires Multifamily Property In Tampa From LIV Development
8733 Rooks Park Cir, Tampa, Florida 33619, United States
$119,800,000
Units
296
Asset Type
MultiFamily
Closing
Mar 27, 2022
About this deal
AI
The recently closed transaction in Tampa involved the sale of a multifamily property located at 8733 Rooks Park Cir. The property, consisting of 296 units, was sold for a total price of $119,800,000. This translates to a per unit price of $404,730. The transaction took place on March 28, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $119,800,000
- Address: 8733 Rooks Park Cir
- Market: Tampa
The buyer in this transaction was Cortland, represented by Steven DeFrancis. On the other side, LIV Development, represented by Robb Crumpton, acted as the seller. The lender involved in the deal was Brighthouse Life Insurance Co.
Note: For complete details regarding the transaction, refer to the Instagram post linked here.
On the Map
$119,800,000
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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93