Santosh Govindaraju Acquires Retail Property In Tampa For $8M
11802 N Dale Mabry Hwy, Tampa, FL, USA
$8,000,000
$250/SF
Building Size
32,004 SF
Asset Type
Retail
Closing
Sep 26, 2021
About this deal
AI
Located at 11802 N Dale Mabry Hwy in Tampa, this retail property was recently sold in a closed transaction. The property spans 32,004 square feet and was sold for a price of $8,000,000, resulting in a price per square foot of $250.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,000,000
- Address: 11802 N Dale Mabry Hwy, Tampa
- Market: Tampa
The buyer of the property was Santosh Govindaraju, while the sellers were Joyce L. Newman and Michael D. McKee.
Players
Tampa 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93