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
Tampa Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
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