Doug Damiano Purchases Retail Property From Manjit Singh In Gibsonton For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsRetail3,000 SF
Sold 11/14/2025
SOLD
Doug Damiano Purchases Retail Property From Manjit Singh In Gibsonton For $2.5M
13150 Tamiami Trail
See Similar DealsRetail3,000 SF
Sold 11/14/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$833
Total Square Footage:3,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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