Gettel Automotive Acquires Stadium Toyota In Tampa For $18.8M | 5088 North Dale Mabry Highway | Truist Bank | Retail | Sale

Summary

Sale

FLORIDA

Retail

The Stadium Toyota car dealership located at 5088 North Dale Mabry Highway in Tampa has been sold to Gettel Automotive for an estimated price of $18.8 million. With a total area of 10.4 acres, this retail property acquisition solidifies Gettel Automotive's position as the 57th largest dealership group in the U.S.

Summary of transaction details

Property Type: Retail
Transaction Amount: $18,800,000
Address: 5088 North Dale Mabry Highway, Tampa
Market: Tampa
Acres: 10.4

James Gettel, representing Gettel Automotive, acted as the buyer in this transaction. Ron Parks, from the Parks Motor Group, served as the seller. Kerrigan Advisors facilitated the deal as the broker. Truist Bank provided a mortgage of $16.4 million as the lender for the purchase.

This acquisition strengthens Gettel Automotive's presence in Tampa's automotive industry and further expands their dealership portfolio.

Players

All
1

Lenders
1

Truist Bank

Details

Deal Summary

SOLD

IMAGE: James Gettel & Ron Parks DATE: 10/30/2023 ADDRESS: 5088 North Dale Mabry Highway MARKET: Tampa ASSET TYPE: Retail ~ ACRES: 10.4 BUYER: Gettel Automotive - James Gettel SELLER: Ron Parks - Parks Motor Group BROKER: Kerrigan Advisors LENDER: Truist Bank (@Truist) SALE PRICE: $18,800,000 NOTE: Gettel Automotive has purchased Stadium Toyota, one of Tampa's largest car dealerships, for an estimated $18.8 million. The acquisition, including a $16.4 million mortgage from Truist Bank, solidifies Gettel Automotive's position as the 57th largest dealership group in the U.S.

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Address5088 North Dale Mabry Highway

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