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4000 East Fletcher Avenue

Concordia Of Florida, Inc. Sells Senior Housing At 4000 East Fletcher Avenue For $32.2M
SOLDSenior Housing

Concordia Of Florida, Inc. Sells Senior Housing At 4000 East Fletcher Avenue For $32.2M

4000 East Fletcher Avenue

$32,000,000

$53/SF

Building Size

600,000 SF

Asset Type

Senior Housing

Closing

Aug 7, 2025

AI

The asset involved in this transaction is a senior housing facility located at 4000 East Fletcher Avenue, Tampa. It spans a total of 600,000 square feet and comprises 532 units, with a price per unit of $60,526 and a price per square foot of $53.67. The total sale price for this property was $32,200,000.

Summary of transaction details:

  • Property Type: Senior Housing
  • Transaction Amount: $32,200,000
  • Units: 532
  • Square Footage: 600,000
  • Price Per Unit: $60,526
  • Price Per Square Foot: $53.67
  • Seller: Concordia of Florida, Inc.
  • Broker Representatives: Mike Kerwin & Aaron Jungreis - Rosewood Realty Group

The transaction featured the involvement of Concordia of Florida, Inc. as the seller, with brokerage services provided by Mike Kerwin and Aaron Jungreis from Rosewood Realty Group, representing the seller in this deal.

Players

Aaron Jungreis

Rosewood Realty Group

Broker

$4.4B

vol

207 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage

Tampa Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93