Property details
Tampa 500+ Unit Multifamily, Southeast Region
Property Description
Located in an Income Tax Free State! 
Tampa 500+ Unit Multifamily
Confidential, off-market Tampa, Florida Opportunity.
New Construction.
Build in phases and completed in 2021.
NOI is $8.5 million.
Appraised at $186+ million. Owner is willing to sell at $170 million FIRM for a quick sale.
This owner is developing other real estate deals and wants to free up capital for these other projects.
There are other buyers currently giving this opportunity a hard look, so hurry!
Owner is selling net of commissions. Buyer is responsible for commissons.
Images
Highlights
- Status:
- Available
- Price:
- $170,000,000
- Cap Rate:
- 5.00%
- Annual Rent:
- $8,500,000
Property Information
- Property Type:
- Apartments
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 500
- Year Built:
- 2021
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.