Steve Rhodes Acquires Retail Asset On North Dale Mabry Highway In Tampa For $22.83M
12901 North Dale Mabry Highway
$22,826,087
$136/SF
Building Size
167,000 SF
Asset Type
Retail
Closing
Jan 26, 2026
AI
The property asset involved in the transaction is located at 12901 North Dale Mabry Highway in Tampa, featuring a retail asset type. The sale price reached $22,826,087, with a total square footage of 167,000, which equates to a price per square foot of $136.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,826,087
- Address: 12901 North Dale Mabry Highway
- Market: Tampa
- Square Footage: 167,000
- Price per Square Foot: $136
- Buyer: Steve Rhodes
- Buyer’s Representatives: Ronnie Issenberg, Gabriel Britti, Ricardo Esteves & Kevin O'Hanlon - Marcus & Millichap
This transaction was facilitated by a team of representatives from Marcus & Millichap, indicating a collaborative effort in the negotiations. The professionals involved include Ronnie Issenberg, Gabriel Britti, Ricardo Esteves, and Kevin O'Hanlon, who provided their expertise throughout the process.
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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93