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13150 Tamiami Trail

Doug Damiano Purchases Retail Property From Manjit Singh In Gibsonton For $2.5M
SOLDRetail

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

Gabriel Britti

Marcus & Millichap

Broker

$502.2M

vol

70 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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