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

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SOLD
$36,000,000

Florida

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Retail103,053 SF
Sold 03/24/2025
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Property Image
SOLD

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

14303 North Dale Mabry Highway

See Similar Deals
Retail103,053 SF
Sold 03/24/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$349
Total Square Footage:103,053 SF
Transaction Type:Sale

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
Thano Mazas
5 deals$60.5M volume(727) 698-2626
BROKER
Thano Mazas
Mazi Realty
Thano Mazas
5 deals$60.5M volume(727) 698-2626
BROKER

Details

SOLD
IMAGE: Thano Mazas DATE: 03/24/2025 ADDRESS: 14303 North Dale Mabry Highway MARKET: Tampa ASSET TYPE: Retail BUYER: Asana Partners Investments SELLER: C P I VENTURES, L.L.C. BROKER: Thano Mazas (@ThanoMazas) - Mazi Realty SALE PRICE: $36,000,000 SF: 103,053 ~ PPSF: $349 NOTE FROM BROKER: NOTE FROM BROKER: Grand Plaza was successfully sold at a Record-breaking price per square foot in the Carrollwood area of Tampa. Thano Mazas of Mazi Realty, LLC helped orchestrate the sale and worked diligently to ensure satisfaction from both parties. The 103,053 square foot unanchored retail strip center, built in 1985, sold for $36,000,000, approx. $349 per square foot, and was 97% occupied at the time of sale.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,920,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
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