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4332 West El Prado Boulevard

Mixed-Use Plaza Sold In Tampa For $2.85 Million With Brokers Bobby Gross Darpan Patel Dan Yozwiak
SOLDMixed-use

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:

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

Darpan Patel

Marcus & Millichap

Broker

$61.4M

vol

19 deals

Broker

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