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Posted: July 29, 2025
Gasser of Largo Capital arranges $2.178 million financing
Sarasota, FL Matt Gasser of Largo Capital, Inc. arranged acquisition financing for the Tire Kingdom property. The $2.178 million, provided through a credit union, represents a 60% loan-to-value ratio at a 6.25% rate with no prepayment penalty.
The property is a 7,104 s/f, single-tenant retail asset with visibility just five miles east of Downtown Sarasota, situated in a high-traffic corridor. With 10 years remaining on the primary, absolute NNN lease with additional renewal options, Tire Kingdom offers a stable income stream backed by strong market fundamentals.
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