Mishorim Gold Properties Acquires Retail Property In Tampa For $22M
3904 W Hillsborough Ave, Tampa, FL, USA
$22,000,000
$102/SF
Building Size
215,713 SF
Asset Type
Retail
Closing
Jul 27, 2020
AI
The retail property located at 3904 W Hillsborough Ave in Tampa has been sold for a price of $22,000,000. The transaction took place on 07/27/2021. The property spans across 215,713 square feet, resulting in a price per square foot of $102. The property was sold by Forge Capital Partners.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,000,000
Mishorim Gold Properties, represented by Mark Gold, acquired the property. The buying process was facilitated by brokers Jim Michalak and Keith Nurre from Plaza Advisors.
Players
Tampa 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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93