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14303 North Dale Mabry Highway

Asana Partners Investments Acquires Retail Asset From C P I VENTURES For $36M In Tampa
SOLDRetail

Asana Partners Investments Acquires Retail Asset From C P I VENTURES For $36M In Tampa

14303 North Dale Mabry Highway

$36,000,000

$349/SF

Building Size

103,053 SF

Asset Type

Retail

Closing

Mar 24, 2025

AI

The retail asset sold is located at 14303 North Dale Mabry Highway in Tampa. The property encompasses 103,053 square feet and was built in 1985. Selling for $36,000,000, the property achieved a price per square foot of approximately $349 and was 97% occupied at the time of sale.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $36,000,000
  • Buyer: Asana Partners Investments
  • Seller: C P I VENTURES, L.L.C.
  • Broker: Thano Mazas - Mazi Realty
  • Square Footage: 103,053
  • Price per Square Foot: $349
  • Occupancy Rate at Sale: 97%
  • Year Built: 1985

Thano Mazas of Mazi Realty, LLC played a crucial role in facilitating the transaction, working diligently to ensure satisfaction for both the buyer and seller. This sale set a record-breaking price per square foot in the Carrollwood area of Tampa for this type of property.

Players

Thano Mazas

Mazi Realty

Broker

$60.5M

vol

5 deals

Broker

Tampa 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

0.44%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93