Mishorim Gold Properties Acquires Retail Property In Tampa For $22M
SOLD
Florida
See Similar DealsRetail215,713 SF
Sold 07/27/2020
SOLD
Mishorim Gold Properties Acquires Retail Property In Tampa For $22M
3904 W Hillsborough Ave, Tampa, FL, USA
See Similar DealsRetail215,713 SF
Sold 07/27/2020
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$102
Total Square Footage:215,713 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$78,161.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$104,291.22
Annual Debt Service$1,251,494.69
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