Bruce H. Qvale Acquires Retail Property In Westshore, Tampa For $44.5M
4720 West Spruce Street, Tampa, Florida 33607, United States
$44,511,288
$664/SF
Building Size
67,019 SF
Asset Type
Retail
Closing
Apr 19, 2022
AI
A retail property located at 4720 W Spruce St in Westshore, Tampa, has been sold in a recent transaction. The property spans 67,019 square feet and was sold at a price of $44,511,288, resulting in a price per square foot of $664. The sale took place on April 20, 2022.
Summary of transaction details
- Property Type: Retail
- Sale Price: $44,511,288
- Square Footage: 67,019
- Price per Square Foot: $664
- Address: 4720 W Spruce St, Westshore, Tampa
- Market: Westshore, Tampa
The buyer of the property is Bruce H. Qvale, while the seller is Saber Real Estate Advisors and ARC Trust, represented by Michael Klinger. The buyer was represented by Don LeBuhn from Cushman & Wakefield, while Greg Matus and Adam J. Tiktin from Franklin Street represented the seller.
Players
Tampa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93