Lote Group Acquires Retail Property In Tampa For $7.7M
2540 East Fowler Avenue
$7,700,000
$300/SF
Building Size
25,619 SF
Asset Type
Retail
Closing
Nov 19, 2021
About this deal
AI
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.
The retail sale at 2540 East Fowler Avenue in Tampa, Florida sold for $7.7M in 2021. The building is 25,619 square feet, implying about 300 per square foot on the published price. Mark Shellabarger, Ari Ravi, Ripco appear on the sale alongside Ripco. This page is the Tampa, Florida file for the 2540 East Fowler Avenue retail sold: pricing, party profiles, and other closed retail comps from the same Tampa sit in the Market section below. Filter that Tampa retail set by closing date to see what else sold near 2540 East Fowler Avenue around 2021. Published consideration for 2540 East Fowler Avenue is $7.7M, dated 2021. Cite this Lote Group Acquires Retail Property In Tampa For $7.7M sale when underwriting similar retail product around Tampa, Florida.
On the Map
$7,700,000
$300/SF
Retail
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Players
Tampa 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93