Mario Penzo Acquires Development Site At 4614 North Hubert Avenue In Tampa For $2.925M
4614 North Hubert Avenue
$2,925,000
$19/SF
Building Size
148,975 SF
Asset Type
Development Site
Closing
Sep 12, 2024
AI
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:
- Property Type: Development Site
- Transaction Amount: $2,925,000
- Address: 4614 North Hubert Avenue
- Market: Tampa
- Asset Size: 3.42 acres
- Total Square Footage: 148,975
- Price Per Square Foot: $19
- Buyer: Mario Penzo
- Broker Representatives: Dinard Garrett, Bobby Gross, Darpan Patel & Dan Yozwiak - Marcus & Millichap
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
Tampa Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.42%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93