facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

24901 Sandhill Blvd

Karim Karimov Acquires Retail Property At 24901 Sandhill Blvd Punta Gorda For $2,895,000
SOLDRetail

Karim Karimov Acquires Retail Property At 24901 Sandhill Blvd Punta Gorda For $2,895,000

24901 Sandhill Blvd

$2,895,000

$132/SF

Building Size

21,816 SF

Asset Type

Retail

Closing

Jun 2, 2022

AI

The property asset involved in this transaction is located at 24901 Sandhill Blvd, Punta Gorda. It is a retail asset with a total square footage of 21,816. The sale price was $2,895,000.00.

Summary of transaction details:

This transaction was facilitated by brokers Arthur Porosoff and Joseph Phelps, who represented the seller, Richard Carmel, in the deal.

Players

Joseph Phelps

Horvath & Tremblay

Broker

$3.3M

vol

1 deal

Broker

Karim Karimov

Buyer
Buyer

Richard Carmel

Seller
Seller

Punta Gorda 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

5.48%

Cash-on-Cash

-1.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93