CBRE Acquires 42-Unit Multifamily Property In Tampa For $7.2M
SOLD
$7,200,000
National
See Similar DealsMultiFamily1,230 SF
Sold 08/07/2020
SOLD
CBRE Acquires 42-Unit Multifamily Property In Tampa For $7.2M
5709 Las Ventanas Dr, Tampa, FL 33617, USA
See Similar DealsMultiFamily1,230 SF
Sold 08/07/2020
Summary
Asset Type:MultiFamily
Price Per Square Foot:$5,853
Total Square Footage:1,230 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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