Terps Acquisitions Acquires Retail Property In Lutz From Trulieve For $2M
21708 Florida Highway 54, Lutz, Florida 33556, United States
$2,000,000
$407/SF
Building Size
4,904 SF
Asset Type
Retail
Closing
Jun 16, 2022
AI
A retail property located at 21708 FL-54 in Lutz has been sold for $2,000,000. The property spans an area of 4,904 square feet, resulting in a price per square foot of $408. The transaction took place on June 17, 2022, and involved the buyer, Kenneth Greif of Terps Acquisitions, and the seller, Trulieve. The deal was facilitated by brokers Brandon Lumish and Aaron Labovitz of ABL Real Estate Partners.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,000,000
Kenneth Greif, representing Terps Acquisitions, successfully purchased the property from Trulieve. The transaction was executed with the assistance of Brandon Lumish and Aaron Labovitz, who acted as brokers from ABL Real Estate Partners.
Players
Lutz Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93