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

Property Image
SOLD
$3,050,000

Florida

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Retail10,800 SF
Sold 03/29/2024
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Property Image
SOLD

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

5130 S Dale Mabry Hwy, Tampa, Florida 33611

See Similar Deals
Retail10,800 SF
Sold 03/29/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$282
Total Square Footage:10,800 SF
Transaction Type:Sale

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
18 deals$57M volume(813) 387-4812
BROKER

Dan Yozwiak
Marcus & Millichap
16 deals$53.7M volume(614) 360-9036
BROKER

Bobby Gross
Marcus & Millichap
6 deals$17.5M volume(813) 387-4776
BROKER

Details

SOLD
IMAGE: Darpan Patel, Bobby Gross & Dan Yozwiak DATE: 03/29/2024 ADDRESS: 5130 South Dale Mabry Hwy MARKET: Tampa ASSET TYPE: Retail BUYER: Yasin Saad SELLER'S REP: Bobby Gross, Darpan Patel (@Dp_CRE_NNN) & Dan Yozwiak - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $3,050,000 SF: 10,800 ~ PPSF: $282 NOTE FROM BROKERS: The 10,800 SF Strip Center located at 5130 S Dale Mabry Hwy, Tampa, Florida has been sold in a recent transaction. The property sold for $3,050,000 at a 6.08% cap rate. The deal closed in 10 days and was facilitated by Bobby Gross, Darpan Patel, and Dan Yozwiak of the Patel Yozwiak Group at Marcus& Millichap.

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

$162,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67