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8365 Northcliffe Boulevard

Trifon Houvardas Purchases Spring Hill Retail Property For $7.95 Million From Clint Patterson
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Trifon Houvardas Purchases Spring Hill Retail Property For $7.95 Million From Clint Patterson

8365 Northcliffe Boulevard

$7,950,000

$173/SF

Building Size

45,818 SF

Asset Type

Retail

Closing

May 15, 2026

AI

The property asset involved in this transaction is a retail space located at 8365 Northcliffe Boulevard in the Spring Hill market. The transaction was completed at a sale price of $7,950,000, encompassing a total area of approximately 45,818 square feet, resulting in a price per square foot of $173.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,950,000
  • Address: 8365 Northcliffe Boulevard
  • Market: Spring Hill
  • Square Footage: 45,818
  • Price Per Square Foot: $173
  • Buyer: Trifon Houvardas
  • Seller: Clint Patterson
  • Brokers: Andrew Doerr & Jake Lurie - Matthews

Key individuals in this transaction include buyer Trifon Houvardas and seller Clint Patterson, with representation provided by brokers Andrew Doerr and Jake Lurie from Matthews, facilitating the details of the deal.

Players

Jake Lurie

Matthews

Broker

$106.3M

vol

7 deals

Broker
Trifon Houvardas

Trifon Houvardas

Buyer

$39.4M

vol

4 deals

Buyer

Spring Hill 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

2.00%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93