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5130 S Dale Mabry Hwy, Tamp...

Yasin Saad Acquires Retail Property On South Dale Mabry Hwy In Tampa
SOLDRetail

Yasin Saad Acquires Retail Property On South Dale Mabry Hwy In Tampa

5130 S Dale Mabry Hwy, Tampa, Florida 33611

$3,050,000

$282/SF

Building Size

10,800 SF

Asset Type

Retail

Closing

Mar 29, 2024

AI

The retail property located at 5130 South Dale Mabry Hwy in Tampa, Florida, spanning 10,800 square feet, was recently sold for $3,050,000 at a price per square foot of $282. The transaction closed at a 6.08% cap rate in just 10 days. The sale was facilitated by Bobby Gross, Darpan Patel, and Dan Yozwiak of the Patel Yozwiak Group at Marcus& Millichap.

Summary of transaction details:

The sale of the 10,800 SF Strip Center was notable for its swift closure within 10 days, showcasing the efficiency of the transaction. The involvement of Bobby Gross, Darpan Patel, and Dan Yozwiak from the Patel Yozwiak Group highlights their expertise in facilitating such deals in the Tampa market.

Players

Darpan Patel

Marcus & Millichap

Broker

$61.4M

vol

19 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

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93