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
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