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
About this deal
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:
- Property Type: Retail
- Transaction Amount: $2,895,000.00
- Address: 24901 Sandhill Blvd
- Market: Punta Gorda
- Square Footage: 21,816
- Buyer: Karim Karimov
- Seller: Richard Carmel
- Broker Representatives: Arthur Porosoff, Joseph Phelps (Horvath & Tremblay)
This transaction was facilitated by brokers Arthur Porosoff and Joseph Phelps, who represented the seller, Richard Carmel, in the deal.
On the Map
$2,895,000
$132/SF
Retail
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Players
Punta Gorda 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
5.48%
Cash-on-Cash
-1.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93