FA Commercial Advisors Represents Teramore Development In $3M Port Charlotte Retail Sale
1851 Tamiami Trail
$3,000,000
$566/SF
Building Size
5,300 SF
Asset Type
Retail
Closing
Apr 26, 2023
About this deal
AI
The retail property located at 1851 Tamiami Trail in Port Charlotte has been sold in a recent transaction. The property spans 5,300 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $566.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Square Footage: 5,300
- Address: 1851 Tamiami Trail, Port Charlotte
The seller of the property was Steven Hufstetler of Teramore Development. The buyer's representatives in the deal were Sebastian Faerman and Fabio Faerman from FA Commercial Advisors.
Players
Market 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93