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
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