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
About this deal
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.
On the Map
$6,170,000
$5/SF
Retail
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Players
Tampa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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