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1773 West Fletcher Avenue

Lance Zar Of Zar Capital Group Acquires Retail Property In Tampa For $7.65M
SOLDRetail

Lance Zar Of Zar Capital Group Acquires Retail Property In Tampa For $7.65M

1773 West Fletcher Avenue

$7,650,000

$238/SF

Building Size

32,107 SF

Asset Type

Retail

Closing

Nov 27, 2024

AI

The property asset involved in the transaction is a retail space located at 1773 West Fletcher Avenue in Tampa. The sale price was $7,650,000, and the property encompasses 32,107 square feet, translating to a price per square foot of $238.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,650,000
  • Address: 1773 West Fletcher Avenue
  • Market: Tampa
  • Square Footage: 32,107
  • Price Per Square Foot: $238
  • Buyer: Lance Zar - Zar Capital Group; Adam Bassalali, Oliver Etessami & Ilan Nass
  • Seller: Dan Kaplan
  • Broker: Ari Ravi - Ripco

The buyers of the property are Lance Zar, representing Zar Capital Group, along with Adam Bassalali, Oliver Etessami, and Ilan Nass. Zar Capital Group is focused on acquiring well-positioned, value-add retail properties in growing markets across the United States. If opportunities arise, connections can be made with Lance at [email protected].

Players

Ari Ravi

Ripco

Broker

$217.9M

vol

19 deals

Broker

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

2.07%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93