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Good Food Creations LLC Acquires Former Refinery Restaurant Property In Tampa For $2.745M

Property Image
SOLD
$2,745,000
Ari Ravi
Nathan Timmons

Florida

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Retail8,568 SF
Sold 02/13/2024
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Property Image
SOLD

Good Food Creations LLC Acquires Former Refinery Restaurant Property In Tampa For $2.745M

5910 North Florida Avenue

See Similar Deals
Retail8,568 SF
Sold 02/13/2024
Ari Ravi
Nathan Timmons
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$320
Total Square Footage:8,568 SF
Transaction Type:Sale

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.

Players

Ari Ravi
Ripco
Ari Ravi
19 deals$217.9M volume
BROKER
Nathan Timmons
Ripco
Nathan Timmons
6 deals$78.9M volume(407) 304-7119
BROKER

Details

SOLD
IMAGE: Ari Ravi & Nathan Timmons DATE: 02/13/2024 ADDRESS: 5910 North Florida Avenue MARKET: Tampa ASSET TYPE: Retail BUYER: Good Food Creations LLC SELLER: QSupply LLC BROKERS: Ari Ravi & Nathan Timmons - Ripco Real Estate (@RipcoRealEstate) SALE PRICE: $2,745,000 SF: 8,568 ~ PPSF: $320 NOTE: Tampa catering company, Good Food Creations LLC, purchased the former Refinery restaurant property in Seminole Heights at 5910 N. Florida Ave. for $2.745 million. Represented by Ari Ravi and Nathan Timmons of Ripco Real Estate, the sellers, QSupply LLC, finalized the deal for the 8,568-square-foot property, which includes 38 parking spaces, on Monday.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$9,752.41
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