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6588 North U.S. Highway 41

SRS Real Estate Partners Brokers $6.2M Sale Of Apollo Beach Shoppes Retail Center
SOLDRetail

SRS Real Estate Partners Brokers $6.2M Sale Of Apollo Beach Shoppes Retail Center

$6,200,000

Building Size

Asset Type

Retail

Closing

Dec 22, 2023

AI

Apollo Beach Shoppes, a 9,000-square-foot retail center in Tampa Bay, has been sold in a transaction brokered by SRS Real Estate Partners. The property, located at 6588 North U.S. Hwy 41, sits on 1.9 acres of land. The sale price for this retail asset was $6,200,000. The retail center houses various tenants including Trulieve, AT&T, and Tijuana Flats.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $6,200,000
  • Address: 6588 North U.S. Hwy 41
  • Market: Apollo Beach
  • Acres: 1.9

Daniel Becker, Patrick Nutt, and William Wamble from SRS Real Estate Partners represented the buyer in this sale. They successfully closed the deal with a Florida-based private investor who acquired Apollo Beach Shoppes. This transaction highlights the active involvement of reputable brokers in the local market.

Players

Patrick Nutt

SRS Real Estate Partners

Broker

$578.2M

vol

76 deals

Broker

Market 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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93