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
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.
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