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8801 Hidden River Parkway, ...

Raia Capital Management Acquires 204-Unit Multifamily In Tampa For $66.3M
SOLDMultiFamily

Raia Capital Management Acquires 204-Unit Multifamily In Tampa For $66.3M

8801 Hidden River Parkway, Tampa, FL, USA

$66,300,000

Building Size

Asset Type

MultiFamily

Closing

Dec 10, 2021

AI

An apartment complex located at 8801 Hidden Parkway in Tampa has been sold for $66,300,000. The multifamily property consists of 204 units, with a price per unit of $325,000. The sale was completed on 12/10/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $66,300,000
  • Address: 8801 Hidden Parkway, Tampa
  • Units: 204
  • Price Per Unit: $325,000

The buyer of the property is Raia Capital Management, while the seller is Oxford Properties. The deal was facilitated by brokers Luis Elorza and Justin Hofford from NorthMarq.

Players

Luis Elorza

NorthMarq

Broker

$284.1M

vol

7 deals

Broker
RM
Raia Capital ManagementBuyer

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

0.24%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93