Joseph Caretta Acquires Retail Property In Sarasota For $10.3M
SOLD
$10,278,000
+ 1
Florida
See Similar DealsRetail
Sold 04/16/2021
SOLD
Joseph Caretta Acquires Retail Property In Sarasota For $10.3M
7190 University Parkway, Sarasota, Florida 34240, United States
See Similar DealsRetail
Sold 04/16/2021
+ 1
Summary
FLORIDA
Asset Type:Retail
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$548,160.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,515.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,722.96
Annual Debt Service$584,675.56
Is there something missing? Send suggestions