Updated Aug 18, 2025
, 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
About this deal
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: , Inc.
- Broker Representatives: Mike Kerwin & Aaron Jungreis - Rosewood Realty Group
The transaction featured the involvement of , 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
Tampa Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
Deal FAQ
Visit Mike Kerwin to view all their deals.
Browse Tampa senior housing sales on Traded.
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