Ben Mallah Purchases Commercial Property In Madeira Beach For $17.2M
12901 Village BLVD, N/A, FL, 33708
$17,200,000
$421/SF
Building Size
40,771 SF
Asset Type
Commercial
Closing
Aug 22, 2019
AI
The Shops at John’s Pass Village is a 40,771-square-foot commercial property located at 12901 Village BLVD in Madeira Beach, FL. The asset was recently sold for $17,200,000.00 in a transaction facilitated by Mark Shellabarger of CBRE on August 22, 2019.
Summary of transation details:
- Property Type: Commercial
- Transaction Amount: $17,200,000.00
- Market: Madeira Beach
- Seller's Representative: Mark Shellabarger (CBRE)
- Buyer: Ben Mallah
- Address: 12901 Village BLVD, N/A, FL, 33708
- Square Footage: 40,771
Following an online auction that attracted 29 bids, Ben Mallah emerged as the buyer of The Shops at John’s Pass Village. The property includes retail shops, restaurants, a marina, and a 325-space parking garage, offering a diverse range of amenities to visitors. Situated approximately 25 miles west of downtown Tampa, the waterfront shopping village is poised to continue attracting patrons under its new ownership.
Players
Madeira Beach Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93