Mixed-Use Plaza Sold In Tampa For $2.85 Million With Brokers Bobby Gross Darpan Patel Dan Yozwiak
4332 West El Prado Boulevard
$2,850,000
$207/SF
Building Size
13,720 SF
Asset Type
Mixed-use
Closing
Nov 1, 2024
AI
The property involved in this transaction is a mixed-use asset located at 4332 West El Prado Boulevard in Tampa. The sale price was $2,850,000, and the building encompasses a total square footage of 13,720. This multi-tenant center is fully occupied, featuring six retail suites on the first floor covering 7,613 square feet and 20 office suites on the second floor with 6,107 square feet. The property sits on a 0.47-acre corner lot, providing easy access and visibility to approximately 23,000 vehicles daily, positioned conveniently close to major arteries and downtown Tampa.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,850,000
- Square Footage: 13,720
- Address: 4332 West El Prado Boulevard
- Market: Tampa
- Price Per Square Foot: $207
- Brokers: Bobby Gross, Darpan Patel & Dan Yozwiak - Marcus & Millichap
The transaction was facilitated by the Patel Yozwiak Group, representing a valued client in the deal with a local buyer. This closed sale represents 95% of the list price and underscores the effective brokerage efforts in bringing this property transaction to fruition.
Players
Tampa Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93