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:
- Property Type: Retail
- Transaction Amount: $3,050,000
- Buyer: Yasin Saad
- Seller's Rep: Bobby Gross, Darpan Patel & Dan Yozwiak - Marcus & Millichap
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
Tampa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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