Theofilos Family Purchases Retail Asset From Bakker Family In Bradenton For $4.25M
SOLD
$4,250,000
Florida
See Similar DealsRetail33,700 SF
Sold 09/03/2024
SOLD
Theofilos Family Purchases Retail Asset From Bakker Family In Bradenton For $4.25M
816 Manatee Avenue East
See Similar DealsRetail33,700 SF
Sold 09/03/2024
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$126
Total Square Footage:33,700 SF
Transaction Type:Sale
The retail asset located at 816 Manatee Avenue East, Bradenton, FL, has been sold for $4,250,000. The property encompasses a total area of 33,700 square feet, resulting in a price per square foot of $126.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,250,000
- Buyer: Theofilos Family
- Seller: Bakker Family
- Brokers: Marc Smouha, Dan Shapiro & George Lisa - KSR
This transaction involved key individuals including Marc Smouha, Dan Shapiro, and George Lisa representing the brokerage KSR, facilitating the sale between the buyer and seller. Their roles were vital in the completion of this retail property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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