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

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SOLD
$32,000,000

Florida

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Senior Housing600,000 SF
Sold 08/08/2025
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SOLD

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

4000 East Fletcher Avenue

See Similar Deals
Senior Housing600,000 SF
Sold 08/08/2025
Contact now

Summary

FLORIDA
Asset Type:Senior Housing
Price Per Square Foot:$53
Total Square Footage:600,000 SF
Transaction Type:Sale

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
202 deals$4.3B volume(212) 359-9900
BROKER

Mike Kerwin
Rosewood Realty Group
31 deals$292.3M volume(212) 359-9920
BROKER

Rosewood Realty Group
BROKERAGE

Details

SOLD
IMAGE: Mike Kerwin & Aaron Jungreis DATE: 08/08/2025 ADDRESS: 4000 East Fletcher Avenue MARKET: Tampa ASSET TYPE: Senior Housing SELLER: Concordia of Florida, Inc. BROKERS: Mike Kerwin (@Mike_Kerwin25) & Aaron Jungreis (@AaronJungreis) - Rosewood Realty Group (@RosewoodRG) SALE PRICE: $32,200,000 UNITS: 532 ~ PPU: $60,526 SF: 600,000 ~ PPSF: $53.67 @tradedny

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

$1,706,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91