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:
- 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.
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