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Mario Penzo Acquires Development Site At 4614 North Hubert Avenue In Tampa For $2.925M

Property Image
SOLD
$2,925,000
Darpan Patel
Bobby Gross
+ 1

Florida

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Development Site148,975 SF
Sold 09/12/2024
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Property Image
SOLD

Mario Penzo Acquires Development Site At 4614 North Hubert Avenue In Tampa For $2.925M

4614 North Hubert Avenue

See Similar Deals
Development Site148,975 SF
Sold 09/12/2024
Darpan Patel
Bobby Gross
+ 1
Contact now

Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$19
Total Square Footage:148,975 SF
Transaction Type:Sale

The property asset involved in this transaction is a development site located at 4614 North Hubert Avenue, Tampa, featuring an area of 3.42 acres. The sale price for this asset was $2,925,000, with a total square footage of 148,975 and a price per square foot of $19.

Summary of transaction details:

The deal involved key individuals, with Mario Penzo as the buyer and broker representatives from Marcus & Millichap including Dinard Garrett, Bobby Gross, Darpan Patel, and Dan Yozwiak handling the transaction on behalf of the buyer.

Players

Darpan Patel
18 deals$57M volume(813) 387-4812
BROKER

Dan Yozwiak
Marcus & Millichap
16 deals$53.7M volume(614) 360-9036
BROKER

Bobby Gross
Marcus & Millichap
6 deals$17.5M volume(813) 387-4776
BROKER

Dinard Garrett
Marcus & Millichap
1 deal$2.9M volume(813) 387-4780
BROKER

Details

SOLD
IMAGE: Darpan Patel, Bobby Gross, Dan Yozwiak & Dinard Garrett DATE: 09/12/2024 ADDRESS: 4614 North Hubert Avenue MARKET: Tampa ASSET TYPE: Development Site ~ ACRES: 3.42 BUYER: Mario Penzo BROKERS: Dinard Garrett, Bobby Gross & Darpan Patel (@DP_cre_nnn) & Dan Yozwiak - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $2,925,000 SF: 148,975 ~ PPSF: $19

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$156,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,391.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,865.99
Annual Debt Service$166,391.91