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1350 Missouri Avenue North

Kenneth Glazer Of Buckingham Properties Acquires Central Park Plaza In Largo For $5.6M
SOLDRetail

Kenneth Glazer Of Buckingham Properties Acquires Central Park Plaza In Largo For $5.6M

1350 Missouri Avenue North

$5,600,000

$117/SF

Building Size

47,653 SF

Asset Type

Retail

Closing

Jan 7, 2025

AI

The retail property located at 1350 Missouri Avenue North in Largo spans 4.26 acres and has a total square footage of 47,653. It was acquired for a price of $5,600,000, translating to a price per square foot of $118. At the time of sale, the property was reported to be 95% leased, with notable tenants including NAPA Auto Parts and Rent-A-Center.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,600,000
  • Address: 1350 Missouri Avenue North
  • Market: Largo
  • Acres: 4.26
  • Square Footage: 47,653
  • Price Per Square Foot: $118
  • Buyer: Kenneth Glazer - Buckingham Properties
  • Brokers: Jeff Berkezchuk & Jim Michalak - Plaza Advisors

The transaction was facilitated by Plaza Advisors, representing the sellers in the deal. The involvement of Kenneth Glazer from Buckingham Properties highlights the key individuals contributing to this property sale, showcasing their engagement in the retail market.

Players

Jim Michalak

Plaza Advisors

Broker

$83.6M

vol

6 deals

Broker

Largo 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

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93