Doug Damiano Purchases Retail Property From Manjit Singh In Gibsonton For $2.5M
13150 Tamiami Trail
$2,500,000
$833/SF
Building Size
3,000 SF
Asset Type
Retail
Closing
Nov 13, 2025
AI
The property asset involved in this transaction is a retail space located at 13150 Tamiami Trail in Gibsonton. The sale price was $2,500,000 for an asset comprising 3,000 square feet, resulting in a price per square foot of $833.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 13150 Tamiami Trail
- Market: Gibsonton
- Square Footage: 3,000
- Price per Square Foot: $833
- Buyer: Doug Damiano
- Seller: Manjit Singh
- Buyer's Representatives: Ronnie Issenberg, Gabriel Britti & Ricardo Esteves - Marcus & Millichap
The transaction featured prominent figures such as Doug Damiano, serving as the buyer, and Manjit Singh, the seller. The buyer’s representation was provided by Ronnie Issenberg, Gabriel Britti, and Ricardo Esteves, all affiliated with Marcus & Millichap, who were instrumental in navigating the deal.
Players
Gibsonton 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93