CF Properties Acquires Retail Property In Tampa For $12M
SOLD
$12,000,000
Florida
See Similar DealsRetail36,670 SF
Sold 09/13/2021
SOLD
CF Properties Acquires Retail Property In Tampa For $12M
3611 W Hillsborough Ave, Tampa, FL, USA
See Similar DealsRetail36,670 SF
Sold 09/13/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$327
Total Square Footage:36,670 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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