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7520 W Waters Avenue

Retail Property At 7520 W Waters Avenue In Tampa Sold For $4.5M
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

Joseph Phelps

Horvath & Tremblay

Broker

$3.3M

vol

1 deal

Broker

Daniel Liu

Buyer
Buyer

Ava Nguyen

Seller
Seller

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