Ramsy Dahla Acquires Lakeland Retail Property For $13.2M
3920-4046 S Florida Ave Lakeland Fl
$13,200,000
$600/SF
Building Size
22,000 SF
Asset Type
Retail
Closing
Dec 22, 2022
AI
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
orlando 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93