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

Property Image
SOLD
$6,400,000
Dylan Morse
Dev Motwani
+ 1

Florida

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Retail46,967 SF
Sold 12/23/2026
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Property Image
SOLD

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

38923 County Road 54

See Similar Deals
Retail46,967 SF
Sold 12/23/2026
Dylan Morse
Dev Motwani
+ 1
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$136
Total Square Footage:46,967 SF
Transaction Type:Sale

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:

  • Property Type: Retail
  • Transaction Amount: $6,400,000
  • Address: 38923 County Road 54
  • Market: Zephyrhills
  • Square Footage: 46,967
  • Price Per Square Foot: $136
  • Buyer: Robert Rossi
  • Seller: Dev Motwani, Dale Reed & Ricardo Hill
  • Seller's Representatives: Justin Sturdivant, Justin Walker & Dylan Morse - Franklin Street

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.

Players

Dylan Morse
8 deals$39.1M volume(954) 820-7455
BROKER

Justin Sturdivant
Franklin Street
3 deals$30.3M volume(941) 504-4222
BROKER

Justin Walker
Franklin Street
12 deals$72.8M volume(954) 640-1100
BROKER

Dev Motwani
9 deals$376.8M volume
SELLER

Details

SOLD
IMAGE: Ricardo Hill, Dylan Morse, Dev Motwani, Justin Sturdivant, Dale Reed & Justin Walker DATE: 12/23/2026 ADDRESS: 38923 County Road 54 MARKET: Zephyrhills ASSET TYPE: Retail BUYER: Robert Rossi SELLER: Dev Motwani (@Motown_Fll), Dale Reed & Ricardo Hill SELLER'S REP: Justin Sturdivant, Justin Walker & Dylan Morse (@Dylan_Morse) - Franklin Street (@FranklinStreet.CRE) SALE PRICE: $6,400,000 SF: 46,967 ~ PPSF: $136

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$341,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18