Robert Weisman Acquires Retail Asset In Largo From Gina Barber For $3M
10125 Ulmerton Road & 4596 Park Boulevard
$3,000,000
$101/SF
Building Size
29,540 SF
Asset Type
Retail
Closing
Jun 7, 2024
AI
The retail property located at 10125 Ulmerton Road & 4596 Park Boulevard in Largo, Pinellas Park has been sold for $3,000,000. The property spans 14,770 square feet, resulting in a price per square foot of $203.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Buyer: Robert Weisman
- Seller: Gina Barber
- Brokers: Gabriel Britti, Ronnie Issenberg, Ricardo Esteves & Jonathan Gerszberg - Marcus & Millichap
- Address: 10125 Ulmerton Road & 4596 Park Boulevard
- Market: Largo, Pinellas Park
The deal was facilitated by brokers Gabriel Britti, Ronnie Issenberg, Ricardo Esteves, and Jonathan Gerszberg from Marcus & Millichap, showcasing their expertise in the real estate transaction that culminated in the successful sale of the retail property.
Players
Largo Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93