Updated Dec 20, 2023
CBRE Acquires 42-Unit Multifamily Property In Tampa For $7.2M
5709 Las Ventanas Dr, Tampa, FL 33617, USA
$7,200,000
$5,853/SF
Building Size
1,230 SF
Asset Type
MultiFamily
Closing
Aug 6, 2020
About this deal
AI
The multifamily property located at 5709 Las Ventanas Drive in Tampa was recently sold. The property consists of 42 units and was sold for a total price of $7,200,000. This translates to a per unit price of $171,429.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,200,000
- Address: 5709 Las Ventanas Drive
- Market: Tampa
- Units: 42
- Price per Unit: $171,429
Cameron Barbas, Francesco Carriera, and Matthew Valeri from CBRE represented the parties involved in this transaction.
The multifamily sale at 5709 Las Ventanas Dr, Tampa, FL 33617, USA in Tampa sold for $7.2M in 2020. Reported inventory is 1,230 square feet across 42 units, or about 5.9K per square foot. Matthew Valeri, Cameron Barbas, Francesco (Frank) Carriera, CBRE appear on the sale alongside CBRE. This page is the Tampa file for the 5709 Las Ventanas Dr, Tampa, FL 33617, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Tampa sit in the Market section below. Filter that Tampa multifamily set by closing date to see what else sold near 5709 Las Ventanas Dr, Tampa, FL 33617, USA around 2020. Published consideration for 5709 Las Ventanas Dr, Tampa, FL 33617, USA is $7.2M, dated 2020. Cite this CBRE Acquires 42-Unit Multifamily Property In Tampa For $7.2M sale when underwriting similar multifamily product around Tampa.
Players
Tampa MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93