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3920-4046 S Florida Ave Lak...

Ramsy Dahla Acquires Lakeland Retail Property For $13.2M
SOLDRetail

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

Gabriel Britti

Marcus & Millichap

Broker

$502.2M

vol

70 deals

Broker

Ramsy Dahla

Buyer

$26.4M

vol

2 deals

Buyer

Yepes Family

Seller

$26.4M

vol

2 deals

Seller

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