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
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