Tampa Venture Alliance LLC Acquires Retail Property On Bearss Ave For $8.5M
2814 East Bearss Avenue, Tampa, Florida 33613, United States
$8,500,000
$287/SF
Building Size
29,600 SF
Asset Type
Retail
Closing
Jan 24, 2022
About this deal
AI
Located in Tampa, the property involved in the sale transaction is a retail asset situated at 2814 - 2828 Bearss Ave. Spanning across 29,600 square feet, this property showcases a vibrant commercial space in the Tampa market. The sale of this retail asset was brokered by Mark Shellabarger and Ari Ravi of CBRE.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,500,000
- Date: 01/22/2022
- Market: Tampa
- Buyer: Tampa Venture Alliance LLC
- Seller: Stanley Properties LLC
- Brokers: Mark Shellabarger and Ari Ravi - CBRE
- Square Footage: 29,600
- Price per Square Foot: $287
The buyer in this transaction, Tampa Venture Alliance LLC, successfully acquired the property from the seller, Stanley Properties LLC, for a total sale price of $8,500,000. The deal was facilitated by brokers Mark Shellabarger and Ari Ravi from CBRE. This transaction highlights the active retail market in Tampa and showcases the continued interest of investors in commercial properties within the area.
On the Map
$8,500,000
$287/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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93