One Global Property Management Acquires Shoppes At Cloverplace In Tampa For $9.233M
3223 Tampa Rd Palm Harbor, FL 34684, USA
$9,233,000
$169/SF
Building Size
54,600 SF
Asset Type
Retail
Closing
Jun 9, 2023
About this deal
AI
The Shoppes at Cloverplace, a 54,600-square-foot shopping complex located at 3223 Tampa Road in Palm Harbor, has been sold for $9.233 million. The property is situated on 7 acres of land and is known for its popular tenants such as Pint and Brew, Mystic Fish restaurant, and Sweet Caroline's Bakery & Cafe.
Summary of transaction details
- Property Type: Retail
- Sale Price: $9,233,000
- Square Footage: 54,600
- Price Per Square Foot: $169
- Address: 3223 Tampa Road, Palm Harbor
- Market: Palm Harbor
The buyer of The Shoppes at Cloverplace is One Global Property Management, represented by James Puddle from the same agency. The seller in this transaction is Highland Lakes. The lender involved in the deal is Southstate Bank.
On the Map
$9,233,000
$169/SF
Retail
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Miami 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93