July 4, 2022

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Dervech Actual Property, Inc. arranges the $5.65M sale of Citrus Park Plaza in Tampa, FL

Jeff Dervech, CCIM of Dervech Actual Property, Inc. arranges the sale of Citrus Park Plaza in Tampa, FL. The 13,000 sq. foot unanchored retail strip middle, in-built 2006, offered for $5,650,000, approx. $434.62 per sq. foot, and was 100% occupied on the time of sale. The tenants on the plaza embrace Suncoast Credit score Union, Tropical Smoothie Cafe, Males’s Warehouse and Informal Male XL.

“Citrus Park Plaza supplied buyers a possibility to amass a well-located, unanchored retail strip middle asset, in a market with very robust demographics. Underneath market rents and the power to reposition the tenant lineup at a close to time period date led to its attraction. The marketplace for high quality areas by buyers continues to be excessive and we attempt to maximise worth for our shoppers” said Jeff Dervech, CCIM.

The plaza is an outparcel to the Citrus Park City Middle and is situated straight off Citrus Park Drive. This submarket advantages from very robust demographics together with 32,000 households and a median family earnings of over $70,000 inside a 3-mile radius. The market is surrounded by a plethora of nationwide retail tenants, inside shut proximity to SLAM constitution faculty, Additional House Storage and the newly introduced Elev8 household leisure middle which incorporates go-karts, a retro arcade, laser tag, mini golf, a child zone, e-sports, bowling, and restaurant and bar at the moment beneath development within the former Sears division retailer.

For additional info, please contact Jeff Dervech at 813-513-9439 or [email protected]

To study extra about Dervech Actual Property, please go to https://dervechrealestate.com/

About Dervech Actual Property:

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Dervech Actual Property is an entrepreneurially centered, Tampa primarily based business actual property agency, specializing within the area of buying middle funding gross sales and retail advisory providers within the Tampa MSA and all through the State of Florida. Our agency is dedicated to working with shoppers to construct robust, long-term relationships that foster belief and credibility, and to be their chosen and valued advisor. Dervech Actual Property prides itself on conserving an ear to the bottom and a pulse available on the market to supply educated perception that allow our shoppers to take advantage of knowledgeable selections.