Ramsy Dahla Acquires Lakeland Retail Property For $13.2M
SOLD
$13,200,000
+ 2
National
See Similar DealsRetail22,000 SF
Sold 12/22/2022
SOLD
Ramsy Dahla Acquires Lakeland Retail Property For $13.2M
3920-4046 S Florida Ave Lakeland Fl
See Similar DealsRetail22,000 SF
Sold 12/22/2022
+ 2
Summary
Asset Type:Retail
Price Per Square Foot:$600
Total Square Footage:22,000 SF
Transaction Type:Sale
The retail property located at 3920-4046 S Florida Ave in Lakeland has been sold for a price of $13,200,000. The property spans approximately 22,000 square feet, resulting in a price per square foot of $600. The transaction took place on December 22, 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,200,000
- Address: 3920-4046 S Florida Ave, Lakeland
- Market: Lakeland
The buyer of the property is Ramsy Dahla, while the seller is the Yepes Family. Marcus & Millichap represented both parties in the deal, with Gabriel Britti, Ronnie Issenberg, and Jonathan Gerszberg serving as the brokers involved in the transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$703,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,896.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,574.73
Annual Debt Service$750,896.81
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