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2200 East Fowler Avenue, Ta...

Core Spaces Acquires Retail Property In Tampa For $6.17M
SOLDRetail

Core Spaces Acquires Retail Property In Tampa For $6.17M

2200 East Fowler Avenue, Tampa, FL, USA

$6,170,000

$5/SF

Building Size

1,233,556 SF

Asset Type

Retail

Closing

Dec 9, 2020

AI

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.

Players

Jack Koehler

Broker

$6.2M

vol

1 deal

Broker
CS
Core SpacesBuyer

Tampa Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.57%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93