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
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