A sampling of our recent closings.
SkyPoint Retail Condos
- 99.2% of List Price
- 40 Days Contract to Close
- Nine Offers
- Three Backup Offers
James Medefind and Armando Rodriguez were proud to exclusively represent the seller of the SkyPoint Retail Condos located in downtown Tampa, Florida. Consisting of four retail units located on the bottom floor of the exclusive SkyPoint high-rise residential condominium building, we were able to drive substantial activity from both local and out-of-area investors.
Fourth North Pavilion
- Record $317 Price Per Foot
- A+ Location at 4th Street St. Petersburg
- Closed at Contract Price
- Fully Stabilized with 100% Occupancy
We have yet again set a record in the Tampa Bay market through successfully sourcing an out-of-area California buyer. We add value to shopping center owners by accessing the largest buyer pool available through our national platform. Collaborating with brokers across the country is instrumental in ensuring our clients settle for nothing other than the highest prices for their investments.
Forth North Pavilion included tenants like H&R Block, Starbucks and Mr. Empanada and was 100% occupied at the time of sale. The buyer on this asset was attracted to the opportunity due to the quality of the location and the tenant mix.
NAPA Auto Care
- Seven Years Remaining on 15-Year Triple-Net Lease
- Two Five-Year Options Available
- 10% Rent Increases Every Five Years
- Closed at 93.75% of List Price
This 2,200-square-foot NAPA Auto Care Center in Tampa, Florida, is just off of busy Interstate 275 and surrounded by national retailers such as Wal-Mart, Family Dollar, Home Depot, CVS and Dunkin Donuts, among others.
In purchasing this asset, the buyer was looking for a long-term passive investment with zero management responsibilities.
Westchase Development Site
- Seven Offers in First Two Weeks of Marketing
- Quick and Seamless Closing
- Land Sold for Over $44 Per Square Foot
- Sold for Above List Price
Marcus & Millichap is pleased to announce the sale of this 0.83-acre net-lease or multi-tenant retail development in the Westchase area of Tampa, Florida. Located on a signalized corner directly across from a planned Costco and a CVS pharmacy, this parcel benefits from its location on the northeast corner of Linebaugh Avenue and Sheldon Road. This major intersection is exposed to more than 52,000 cars per day, and traffic is expected to increase by another 25% upon completion of the Costco development. The subject property shares ingress and egress with the adjacent shopping center parcel, allowing a developer to maximize the land area and available parking.
- Five Days on the Market
- 96% of List Price
- Quick, All-Cash Closing
James Medefind was proud to exclusively represent the seller of this Jiffy Lube located in Sarasota, Florida. Through our detailed marketing strategy, we were effective in facilitating a quick, all-cash closing at a record-setting price.
The Learning Experience
- 96% of List Price
- $312.50 Per Square Foot
- 1031 Exchange Buyer
Armando Rodriguez and James Medefind exclusively represented the buyer in this transaction. Through the Marcus & Millichap platform, we were able to align the seller with the right buyer who was in a 1030 Exchange.
- Closed at 92.6% of List Price
- 8.64% Cap Rate
- National Credit Tenant
- Closed Within 35 Days
Marcus & Millichap is pleased to announce the sale of this net-leased Midas automotive center located in Orange Park (Jacksonville MSA), Florida. The tenant has approximately 3 1/2 years remaining on the corporate guaranteed lease and two five-year options remaining. James Medefind was successful in closing this property within 35 days.
American Renal Associates Dialysis Center
- Three Offers Within 30 Days
- Quick Closing
- 14 Years Remaining on Lease Term
- Ideally Located on U.S. Highway 19
Marcus & Millichap and Medefind Retail is proud to announce the successful sale of this 7,500-square-foot, brand-new, build-to-suit dialysis center located in St. Petersburg, Florida. With over 14 years remaining on the existing term of the lease and annual increases of 2%, this proved to be a great long-term investment with a steady income stream.
Medefind Retail was successful in generating three offers within 30 days and executed a quick closing once going to contract.