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
About this deal
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.
On the Map
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