Lote Group Acquires Retail Property In Tampa For $7.7M
SOLD
$7,700,000
Florida
See Similar DealsRetail25,619 SF
Sold 11/19/2021
SOLD
Lote Group Acquires Retail Property In Tampa For $7.7M
2540 East Fowler Avenue
See Similar DealsRetail25,619 SF
Sold 11/19/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$300
Total Square Footage:25,619 SF
Transaction Type:Sale
Milestone Properties Inc has sold a retail property located at 2540-2576 E Fowler Ave in Tampa. The property spans 25,619 square feet and was purchased by Lote Group for a total sale price of $7,700,000. The transaction took place on November 19, 2021.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,700,000
The deal was facilitated by CBRE brokers, Mark Shellabarger and Ari Ravi, who represented both the buyer and seller in this transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$410,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,356.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,501.93
Annual Debt Service$438,023.14
Is there something missing? Send suggestions