facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

7190 University Parkway, Sa...

Joseph Caretta Acquires Retail Property In Sarasota For $10.3M
SOLDRetail

Joseph Caretta Acquires Retail Property In Sarasota For $10.3M

7190 University Parkway, Sarasota, Florida 34240, United States

$10,278,000

Building Size

Asset Type

Retail

Closing

Apr 15, 2021

AI

Located at 7190 University Pkwy in Sarasota, this retail property was recently sold for a transaction amount of $10,278,000. The property is situated in the Sarasota market, known for its vibrant retail sector. The sale of this property marks a significant deal in the market.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $10,278,000

Joseph Caretta, a buyer in this transaction, acquired the property from Boos Development. Represented by Will Pike of CBRE, Boos Development played a crucial role in facilitating the sale process. On the buyer's side, the representatives from Meridian Investment Sales, including David Schechtman, Lipa Lieberman, and Abie Kassin, provided valuable guidance and support throughout the deal. Will Pike, acting as the seller's representative, represented Boos Development in this transaction.

Players

Abie Kassin

Meridian Capital Group

Broker

$1.6B

vol

52 deals

Broker

Sarasota Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93