Ramsy Dahla Acquires Retail Property In Lakeland For $13.2M With Gabriel Britti, Ronnie Issenberg & Jonathan Gerszberg - Marcus & Millichap
SOLD
$13,200,000
+ 2
New Jersey
See Similar DealsRetail22,000 SF
Sold 12/22/2022
SOLD
Ramsy Dahla Acquires Retail Property In Lakeland For $13.2M With Gabriel Britti, Ronnie Issenberg & Jonathan Gerszberg - Marcus & Millichap
3920-4046 S Florida Ave
See Similar DealsRetail22,000 SF
Sold 12/22/2022
+ 2
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$600
Total Square Footage:22,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$703,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,896.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,574.73
Annual Debt Service$750,896.81
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