Tampa · Commercial sale
5222 Laurel buys 5402 Laurel St in Tampa for $23.75 million
A hotel or motel at 5402 Laurel St, Tampa sold for $23,750,000 on September 28, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $23,750,000
- Recorded
- September 28, 2026
- Property type
- Hotel or motel
- Building area
- 62,924 sq ft
- Price per sq ft
- $377
- Year built
- 2021
A hotel or motel at 5402 Laurel St in Tampa sold for $23,750,000, the highest-priced deed recorded in Hillsborough County on the day it was filed. The special warranty deed was recorded September 28, 2026 with the Hillsborough County Clerk of Court.
Westshore Hospitality, LLC is listed as the seller on the deed, and 5222 Laurel LLC is the buyer. The deed conveys 2 parcels, and 5402 Laurel St is the largest one identified. An aerial photo of the property shows a large parking lot, with shops and offices around it.
The Property Appraiser's records show 62,924 square feet of building area, a 2021 construction date and a 1.34-acre lot. At that size, the price works out to $377 per square foot.
The price also towers over the numbers on record. The market value listed by the Property Appraiser is $8,805,985, and the sale price is 2.7 times that. The most recent earlier sale on record is $1,539,900 in 2010, and this price is 15.4 times that.
What this sale costs to close
What does closing cost at this price? Under Hillsborough County custom the seller's larger charges are $166,250 for the documentary stamp tax on deed and $53,825 for the owner's title insurance policy. The seller's estimated net is $23,352,489 before brokerage commissions and any loan payoff. A cash buyer would need about $23,574,233 at closing.
Source: Hillsborough County Clerk of Court, Official Records, instrument 2026380061. Property details: Hillsborough County Property Appraiser records, published by Hillsborough County. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
