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
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.
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