Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Key Facts

Year Built 1989
Building Area
Number of units 192

Property Description

Jones Lang LaSalle Americas, Inc. (JLL) is pleased to present an opportunity to acquire Eagles Point at Tampa Palms, a 192-unit, two- and three-story garden-style community situated within the highly-regarded master-planned neighborhood of Tampa Palms in Tampa, Florida, noted for its affluent resident base, highly-rated schools and immediate access to the region’s top employment hubs. 

 

Completed in 1989, the property offers investors strong and stable cash flow that can be enhanced through strategic value-add investments.  With robust and expanding demand drivers, a rapidly growing population, and high barriers to entry, Eagles Point at Tampa Palms and its submarket are expected to outperform the rest of the Tampa market, which itself is one of the best performing markets in the U.S. 

 

Eagles Point is offered subject to the assumption of $19,720,000 Freddie Mac loan, which carries an interest rate of 3.99% that was originated in December of 2017 and matures in February of 2028. A call-for-offers date has been set for October 8th. In-person tours and virtual tours (via Webex) can be scheduled by contacting the JLL deal team.

Investment Highlights

  • Attractive asset & recent improvements
  • Affluent Tampa Palms address
  • Abundant and growing demand drivers
  • Value-add potential
Last Updated Date: 11 Sep 2020
Matt Mitchell
Matt Mitchell
Senior Managing Director, Tampa Office Head
License details
FL-BK3221815
Zach Nolan
Zach Nolan
Senior Director, Capital Markets
License details
FL-SL3280497

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Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

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Last Updated Date: 11 Sep 2020

The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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https://www.joneslanglasalle.co.jp/ja/compliance-with-laws-and-regulations-and-its-representation

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