SOLDRetail
Retail Property At 7520 W Waters Avenue In Tampa Sold For $4.5M
7520 W Waters Avenue
$4,500,000
Lot Size
42,274 SF
Asset Type
Retail
Closing
Aug 16, 2022
AI
The property involved in this transaction is a retail asset located at 7520 W Waters Avenue in the Tampa market. The transaction was completed for a total price of $4,500,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,500,000.00
- Address: 7520 W Waters Avenue
- Market: Tampa
- Brokers involved: Arthur Porosoff, Joseph Phelps (Horvath & Tremblay)
Arthur Porosoff and Joseph Phelps from Horvath & Tremblay represented the parties in this transaction. Their involvement played a critical role in facilitating the deal for the retail asset.
Players
Tampa 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93