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38923 County Road 54

Updated Sep 25, 2026

Robert Rossi Acquires Retail Property In Zephyrhills For $6.4 Million From Dev Motwani And Dale Reed
SOLDRetail

Robert Rossi Acquires Retail Property In Zephyrhills For $6.4 Million From Dev Motwani And Dale Reed

38923 County Road 54

$6,400,000

$136/SF

Building Size

46,967 SF

Asset Type

Retail

Closing

Dec 22, 2026

About this deal

AI

The property asset involved in this transaction is a retail space located at 38923 County Road 54 in Zephyrhills. The sale price was $6,400,000, with a total square footage of 46,967, resulting in a price per square foot of $136.

Summary of transaction details:

The deal involved key individuals such as the buyer Robert Rossi and the sellers Dev Motwani, Dale Reed, and Ricardo Hill. The seller's representatives managing the transaction were Justin Sturdivant, Justin Walker, and Dylan Morse from Franklin Street, who played a critical role in facilitating the sale.

On the Map

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$6,400,000

$136/SF

Retail

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Players

Dylan Morse

Franklin Street

Broker

$47.3M

vol

11 deals

Broker

Robert Rossi

Buyer
Buyer
Dev Motwani

Dev Motwani

Seller

$393.9M

vol

10 deals

Seller

Dale Reed

Seller
Seller
Bilt advertisement

Zephyrhills Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $136 per square foot on a published $6.4M for 46,967 square feet (2026).

Visit Justin Sturdivant to view all their deals.

Browse Zephyrhills retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.48%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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