Daniel Calzadilla Acquires Retail Property In Tampa For $4.7M From Seller Gina Beaz
111 Myrtle Ridge Road
$4,700,000
$432/SF
Building Size
10,871 SF
Asset Type
Retail
Closing
Jul 2, 2022
About this deal
AI
A retail property located at 111 Myrtle Ridge Rd in Tampa has been sold for $4,700,000. The property spans 10,871 square feet, resulting in a price per square foot of $432. The buyer, Daniel Calzadilla, acquired both the real estate building and the business portion of a preschool/after-school center.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,700,000
- Square Footage: 10,871
- Price per Square Foot: $432
- Address: 111 Myrtle Ridge Rd, Tampa
Denny Morris of an undisclosed agency represented both the buyer, Daniel Calzadilla, and the seller, Gina Beaz, in this transaction.
Note from the buyer: The purchase of the property includes the real estate building as well as the business portion of the preschool/after-school center in Tampa.
Players
Lutz 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93