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3801 S State Rd 7, West Par...

GianMarco Taverna Acquires Retail Property In West Park For $6.6M
SOLDRetail

GianMarco Taverna Acquires Retail Property In West Park For $6.6M

3801 S State Rd 7, West Park, FL, USA

$6,625,000

$220/SF

Building Size

30,000 SF

Asset Type

Retail

Closing

Oct 29, 2021

AI

A retail property located at 3801 S State Rd 7 in West Park has been sold. The property spans 30,000 square feet and has been sold for a price of $6,625,000, with a price per square foot of $221. The transaction took place on October 29, 2021. The seller of the property was Hector Lopez, represented by Manny Chamizo from One Sotheby’s International Realty. The buyer, GianMarco Taverna, was represented by Tomas Sulichin and Federico Rojkes from RelatedISG International Realty.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,625,000
  • Address: 3801 S State Rd 7, West Park
  • Market: West Park
  • Buyer: GianMarco Taverna
  • Seller: Hector Lopez
  • Buyer's Representative: Tomas Sulichin and Federico Rojkes - RelatedISG International Realty
  • Seller's Representative: Manny Chamizo - One Sotheby’s International Realty
  • Asking Price: $7,000,000
  • Square Footage: 30,000
  • Price Per Square Foot: $221

Tomas Sulichin and Federico Rojkes from RelatedISG International Realty and Manny Chamizo from One Sotheby’s International Realty played key roles in facilitating the sale of the property at 3801 S State Rd 7. GianMarco Taverna acquired the property from Hector Lopez at a final sale price of $6,625,000. This transaction marks an important deal in the West Park market.

Players

Tomas Sulichin

RelatedISG International Realty

Broker

$161.4M

vol

22 deals

Broker

GianMarco Taverna

Buyer

$13.1M

vol

2 deals

Buyer

Hollywood 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

2.39%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93