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Retail Property In Wesley Chapel, FL Sold For $5.65M

Property Image
SOLD
$5,650,000

Florida

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Retail7,665 SF
Sold 09/08/2022
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Property Image
SOLD

Retail Property In Wesley Chapel, FL Sold For $5.65M

28652 Wesley Chapel Boulevard, Wesley Chapel, Florida 33559, United States

See Similar Deals
Retail7,665 SF
Sold 09/08/2022
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$737
Total Square Footage:7,665 SF
Transaction Type:Sale

A retail property located at 28652 Wesley Chapel Blvd in Wesley Chapel, FL has been sold for a price of $5,650,000. The property spans across 7,665 square feet, resulting in a price per square foot of $737.

Summary of transaction details

The seller in this transaction is Ravi Ainpudi.The deal was facilitated by brokers Rob Goldberg and Ben Snyder from Matthews Real Estate Investment Services.

Players

Ben Snyder
11 deals$118.1M volume
BROKER

Rob Goldberg
Matthews
25 deals$107.3M volume(216) 470-1464
BROKER

Details

SOLD
IMAGE: Rob Goldberg & Ben Snyder DATE: 09/08/2022 ADDRESS: 28652 Wesley Chapel Blvd MARKET: Wesley Chapel, FL ASSET TYPE: Retail BUYER: Christopher Gankas SELLER: Ravi Ainpudi BROKERS: Rob Goldberg & Ben Snyder (@Bsnyder0) - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $5,650,000 SF: 7,665 ~ PPSF: $737

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$301,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,073.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,783.88
Annual Debt Service$321,406.59