Gettel Automotive Acquires Stadium Toyota In Tampa For $18.8M

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.