Good Food Creations LLC Acquires Former Refinery Restaurant Property In Tampa For $2.745M
5910 North Florida Avenue
$2,745,000
$320/SF
Building Size
8,568 SF
Asset Type
Retail
Closing
Feb 13, 2024
About this deal
AI
The former Refinery restaurant property in Seminole Heights at 5910 N. Florida Ave. has been sold for $2.745 million. The buyer, Good Food Creations LLC, a Tampa catering company, acquired the 8,568-square-foot retail space from QSupply LLC. The property includes 38 parking spaces and is situated in the Tampa market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,745,000
- Address: 5910 North Florida Avenue
- Market: Tampa
Ari Ravi and Nathan Timmons of Ripco Real Estate represented Good Food Creations LLC, the buyer, in this transaction.
On the Map
$2,745,000
$320/SF
Retail
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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
5.78%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93