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3920-4046 S Florida Ave

Ramsy Dahla Acquires Retail Property In Lakeland For $13.2M With Gabriel Britti, Ronnie Issenberg & Jonathan Gerszberg - Marcus & Millichap
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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

Gabriel Britti

Marcus & Millichap

Broker

$502.2M

vol

70 deals

Broker

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