Salvatore Notaro Acquires Retail Property In Lakeland For $2.4M

A retail property located at 3929 South Florida Avenue in Lakeland has recently been sold. The property, spanning 2,454 square feet, was sold for $2,400,000, resulting in a price per square foot of $978. The transaction took place between the buyer, Salvatore Notaro, and the seller, Kenneth Daley.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $2,400,000
• Address: 3929 South Florida Avenue, Lakeland
• Market: Lakeland

Jonathan De LaRosa, representing Marcus & Millichap, served as the buyer's representative in the deal. The property was listed at an asking price of $2,400,000, and the sale price matched the asking price. The transaction resulted in a capitalization rate of 5.25.