Nimes Real Estate Acquires Student Housing In Tampa For $34.2M
11326 N 46th St, Tampa, FL, USA
$34,200,000
$173/SF
Building Size
197,708 SF
Asset Type
Other
Closing
Mar 29, 2021
AI
The student housing property located at 11326 North 46th St. in Tampa has been sold for a total of $34,200,000. The sale took place on 03/30/2021. The property consists of 106 units. The price per unit was approximately $322,642.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: $34,200,000
- Buyer: Nimes Real Estate - David Nazarian
- Seller: Landmark Properties Inc. - J. Wesley Rogers
- Address: 11326 North 46th St.
- Market: Tampa
The buyer, Nimes Real Estate, was represented by David Nazarian, while the seller, Landmark Properties Inc., was represented by J. Wesley Rogers.
Players
Tampa Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93