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
About this deal
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