Robert Weisman Acquires Retail Asset In Largo From Gina Barber For $3M
SOLD
$3,000,000
+ 1
Florida
See Similar DealsRetail29,540 SF
Sold 06/07/2024
SOLD
Robert Weisman Acquires Retail Asset In Largo From Gina Barber For $3M
10125 Ulmerton Road & 4596 Park Boulevard
See Similar DealsRetail29,540 SF
Sold 06/07/2024
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$101
Total Square Footage:29,540 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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