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5709 Las Ventanas Dr, Tampa...

CBRE Acquires 42-Unit Multifamily Property In Tampa For $7.2M
SOLDMultiFamily

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

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.

Players

Cameron Barbas

CBRE

Broker

$42.9M

vol

4 deals

Broker

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