Gail Bowden Acquires Retail Property In Sarasota For $2.2M
8076 N Tamiami Trail, Sarasota, Florida 34243, United States
$2,200,000
$200,000/SF
Building Size
11 SF
Asset Type
Retail
Closing
Nov 30, 2022
About this deal
AI
Located at 8076 N. Tamiami Trail in Sarasota, this retail property was recently sold in a transaction facilitated by Gail Bowden from SVN Commercial Advisory Group. The sale took place on November 30, 2022, for a total price of $2,200,000.
Summary of transaction details
- Property Type: Retail
- Sale Price: $2,200,000
- Address: 8076 N. Tamiami Trail, Sarasota
- Square Footage: 11,500 SF
- Price per Square Foot: $191
- Market: Sarasota
This successful transaction highlights the expertise of Gail Bowden from SVN Commercial Advisory Group. Their representation was instrumental in facilitating the sale of this retail property. The high square footage of 11,500 SF and a price per square foot of $191 speaks to the value of the property.
Players
Sarasota 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93