Donatas Filipavicius Acquires Retail Property In Sarasota For $6.5M
7660 South Tamiami Trail, Florida, United States
$6,500,000
$229/SF
Building Size
28,301 SF
Asset Type
Retail
Closing
Aug 11, 2022
About this deal
AI
The sale of a retail property in Sarasota has been finalized, with the transaction taking place on August 12, 2022. The property is located at 7660 S Tamiami Trl and spans across 2.44 acres. The asset comprises a total square footage of 28,301 square feet. The property was acquired for a total of $6,500,000, resulting in a price per square foot of $230.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,500,000
- Address: 7660 S Tamiami Trl
- Market: Sarasota
- Acres: 2.44
- Square Footage: 28,301
- Price per Square Foot: $230
The buyer of the property is Donatas Filipavicius. The transaction was facilitated by American Property Group, who represented the buyer in the deal.
Players
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Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93