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3904 W Hillsborough Ave, Ta...

Mishorim Gold Properties Acquires Retail Property In Tampa For $22M
SOLDRetail

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

Jim Michalak

Plaza Advisors

Broker

$83.6M

vol

6 deals

Broker
FP
Forge Capital PartnersSeller

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