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
About this deal
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.
On the Map
$22,000,000
$102/SF
Retail
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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