Genesis Commercial Group Acquires Retail Property In Tampa For $4.1M
1902 N Dale Mabry Hwy, Tampa, FL, USA
$4,100,000
$462/SF
Building Size
8,874 SF
Asset Type
Retail
Closing
Nov 24, 2021
About this deal
AI
Genesis Commercial Group has acquired a retail property located at 1902 N. Dale Mabry in Tampa. The property sits on approximately 1.19 acres of land. The transaction was closed on November 24, 2021, with a sale price of $4,100,000. The property spans a total area of 8,874 square feet, resulting in a price per square foot of $462.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,100,000
- Address: 1902 N. Dale Mabry, Tampa
- Market: Tampa
- Acres: 1.19
The buyer, Genesis Commercial Group, acquired the property from Ben Mallah, who represented Equity Management Partners as the seller. Ari Ravi from CBRE served as the broker in this transaction, assisting both the buyer and the seller in the deal.
Players
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93