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Sila Realty Trust, Inc Acquires Medical Facility In Tampa For $51.2M

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SOLD
$51,200,000

Florida

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Sold 07/26/2022
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Property Image
SOLD

Sila Realty Trust, Inc Acquires Medical Facility In Tampa For $51.2M

1307 West Kennedy Boulevard, Tampa, Florida 33606, United States

See Similar Deals
Other
Sold 07/26/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Other
Transaction Type:Sale

A medical facility located at 1307 W. Kennedy Boulevard in Tampa has been sold for a recorded price of $51,200,000. The facility sits on a 3.8-acre property in the market of Tampa. The sale took place on July 26, 2022, and the buyer of the property is Sila Realty Trust, Inc, represented by Michael Seton.

Summary of transaction details:

  • Property Type: Medical Facility
  • Transaction Amount: $51,200,000
  • Address: 1307 W. Kennedy Boulevard, Tampa
  • Market: Tampa
  • Asset Type: Medical Facility
  • Acres: 3.8

Michael Seton, representing Sila Realty Trust, Inc, played a key role in the transaction as the buyer's representative. The deal involved the sale of the medical facility, which consists of 80 units. The price per unit was $640,000.

Players

MS
Michael A. Seton
3 deals$174.6M volume
BUYER

Details

SOLD
IMAGE: Michael Seton DATE: 07/26/2022 ADDRESS: 1307 W. Kennedy Boulevard MARKET: Tampa ASSET TYPE: Medical Facility ~ ACRES: 3.8 BUYER: Sila Realty Trust, Inc - Michael Seton SALE PRICE: $51,200,000 UNITS: 80 ~ PPU: $640,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$181,902.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$242,714.12
Annual Debt Service$2,912,569.45