Core Spaces Acquires Retail Property In Tampa For $6.17M
SOLD
$6,170,000
Florida
See Similar DealsRetail1,233,556 SF
Sold 12/10/2020
SOLD
Core Spaces Acquires Retail Property In Tampa For $6.17M
2200 East Fowler Avenue, Tampa, FL, USA
See Similar DealsRetail1,233,556 SF
Sold 12/10/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$5
Total Square Footage:1,233,556 SF
Transaction Type:Sale
The retail property located at 2200 E. Fowler Avenue in Tampa has been sold in a recent transaction. The property was purchased by Core Spaces from RD Managements. The deal was facilitated by broker Jack Koehler from Eshenbaugh Land Company. The property spans across 4.5 acres and was sold for a price of $6,170,000, resulting in a price per acre of approximately $1,371,111.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,170,000
- Acres: 4.5
- Price per Acre: $1,371,111
- Buyer: Core Spaces
- Seller: RD Managements
- Broker: Jack Koehler - Eshenbaugh Land Company
The sale of the property at 2200 E. Fowler Avenue in Tampa was successfully completed with the involvement of Core Spaces, RD Managements, and broker Jack Koehler. This transaction marks a significant milestone for all parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$329,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,920.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,248.95
Annual Debt Service$350,987.37
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