Stefan Grosfeld Of Triarch Capital Group Acquires Retail Asset In Tampa For $5.37M
SOLD
Florida
See Similar DealsRetail6,100 SF
Sold 12/18/2025
SOLD
Stefan Grosfeld Of Triarch Capital Group Acquires Retail Asset In Tampa For $5.37M
7408 East Hillsborough Avenue
See Similar DealsRetail6,100 SF
Sold 12/18/2025
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$880
Total Square Footage:6,100 SF
Transaction Type:Sale
The retail asset located at 7408 East Hillsborough Avenue in Tampa was sold for $5,370,750. The property encompasses a total area of 6,100 square feet, resulting in a price per square foot of $880.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,370,750
- Address: 7408 East Hillsborough Avenue
- Market: Tampa
- Square Footage: 6,100
- Price Per Square Foot: $880
- Buyer: Stefan Grosfeld - Triarch Capital Group
- Seller: Sam Gee
- Seller's Representative: Nathan Timmons, Ari Ravi, Kevin Louie & Stephen R. Preuss Sr. - Ripco
This transaction involved key figures including the buyer, Stefan Grosfeld, associated with Triarch Capital Group, who acquired the property from seller Sam Gee. The seller was represented by a team from Ripco comprising Nathan Timmons, Ari Ravi, Kevin Louie, and Stephen R. Preuss Sr.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$286,440.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,081.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,460.10
Annual Debt Service$305,521.14
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