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3611 W Hillsborough Ave, Ta...

CF Properties Acquires Retail Property In Tampa For $12M
SOLDRetail

CF Properties Acquires Retail Property In Tampa For $12M

3611 W Hillsborough Ave, Tampa, FL, USA

$12,000,000

$327/SF

Building Size

36,670 SF

Asset Type

Retail

Closing

Sep 13, 2021

AI

The retail property located at 3611 W Hillsborough Ave in Tampa has been sold for $12,000,000. The transaction took place on September 13, 2021. The property spans a total area of 36,670 square feet, resulting in a price per square foot of $327. The buyer of the property is an affiliate of CF Properties, while the seller is Abaco-Greenhouse represented by Jesus Bravo. The brokerage team involved in the deal consists of Anthony Blanco and Mallory Silva from TSCG.'

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $12,000,000
  • Address: 3611 W Hillsborough Ave, Tampa
  • Market: Tampa

The buyer in this transaction is an affiliate of CF Properties, while the seller is Abaco-Greenhouse, represented by Jesus Bravo. The brokerage team of Anthony Blanco and Mallory Silva from TSCG facilitated the sale.

Players

Anthony Blanco

TSCG (The Shopping Center Group)

Broker

$105M

vol

8 deals

Broker
CP
CF PropertiesBuyer

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

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93