Ramsy Dahla Acquires Retail Property In Lakeland For $13.2M With Gabriel Britti, Ronnie Issenberg & Jonathan Gerszberg - Marcus & Millichap
3920-4046 S Florida Ave
$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. Spanning across 22,000 square feet, the property was sold at a rate of $600 per square foot. The transaction took place on 22nd December 2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $13,200,000
- Square Footage: 22,000
- Price per Square Foot: $600
The buyer, Ramsy Dahla, acquired the property from the Yepes Family. The transaction was facilitated by Gabriel Britti, Ronnie Issenberg, and Jonathan Gerszberg of Marcus & Millichap, who represented both the buyer and the seller in this deal.
Players
Atlantic City 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