Updated Dec 4, 2024
Raia Capital Management Acquires 204-Unit Multifamily In Tampa For $66.3M
8801 Hidden River Parkway, Tampa, FL, USA
$66,300,000
Units
204
Asset Type
MultiFamily
Closing
Dec 10, 2021
About this deal
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.
On the Map
$66,300,000
MultiFamily
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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