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
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:
- 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
Zephyrhills 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93