CBRE Brokers Mark Shellabarger & Ari Ravi Sell Retail Property In Sarasota For $8.8M
3880 Central Sarasota Parkway, Sarasota, FL 34238, USA
$8,800,000
$226/SF
Building Size
38,837 SF
Asset Type
Retail
Closing
Oct 14, 2021
About this deal
AI
A retail property located at 3880-3916 Central Sarasota Parkway in Sarasota was recently sold for $8,800,000. The property spans 38,837 square feet, resulting in a price per square foot of $227.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $8,800,000
The sale of this retail property was facilitated by Mark Shellabarger and Ari Ravi of CBRE. They represented the parties involved in this transaction.
The retail sale at 3880 Central Sarasota Parkway, Sarasota, FL 34238, USA in Sarasota, Florida sold for $8.8M in 2021. The building is 38,837 square feet, implying about 226 per square foot on the published price. Mark Shellabarger, Ari Ravi, Ripco appear on the sale alongside Ripco. This page is the Sarasota, Florida file for the 3880 Central Sarasota Parkway, Sarasota, FL 34238, USA retail sold: pricing, party profiles, and other closed retail comps from the same Sarasota sit in the Market section below. Filter that Sarasota retail set by closing date to see what else sold near 3880 Central Sarasota Parkway, Sarasota, FL 34238, USA around 2021. Published consideration for 3880 Central Sarasota Parkway, Sarasota, FL 34238, USA is $8.8M, dated 2021. Cite this CBRE Brokers Mark Shellabarger & Ari Ravi Sell Retail Property In Sarasota For $8.8M sale when underwriting similar retail product around Sarasota, Florida.
On the Map
$8,800,000
$226/SF
Retail
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Players
Sarasota 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93