Daily limit: 0/10
Doherty Holdings Seventeenth LLC And Sarasota Toy Cars LLC Acquire Sarasota Toyota Property For $14M
SOLD
$14,000,000
Florida
See Similar DealsRetail
Sold 02/26/2025
SOLD
Doherty Holdings Seventeenth LLC And Sarasota Toy Cars LLC Acquire Sarasota Toyota Property For $14M
7435 South Tamiami Trail
See Similar DealsRetail
Sold 02/26/2025
Summary
FLORIDA
Asset Type:Retail
Transaction Type:Sale
The property asset involved in this transaction is a retail space located at 7435 South Tamiami Trail in Sarasota. The sale was completed for a transaction amount of $14,000,000. The asset is identified as the Sarasota Toyota dealership.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,000,000
- Buyer: Christopher Doherty - Doherty Holdings Seventeenth LLC; Sarasota Toy Cars LLC
- Seller: RJS Inc.
- Broker: Walter Thomas
The buyers, Christopher Doherty's associated entities, are linked to Lakeland Toyota and Lakeland Motors, indicating their active involvement in the automotive retail sector. This acquisition expands their portfolio in the Sarasota market.
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
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)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
Is there something missing? Send suggestions