Citrus Park Plaza Tampa,Florida

$4,207,000
Closed Multi-Tenant
Property type:Multi-Tenant / Shopping Center

The space

  • Price: $4,207,000
  • Rentable Square Feet: 12,000
  • Net Operating Income: $273,455
  • Price PSF: $350.58
  • Land Area: 2.04 AC
  • Year Built: 2004

Description

8608 Citrus Park Drive
Tampa, Florida 33625

Investment Highlights

  • Located Across from Major Regional Mall
  • Population of Nearly 80,000 in Three Mile Radius
  • Multiple Points of Ingress/Egress
  • Seven Percent Population Growth Projected from 2015-2020
  • Located on Citrus Park Drive with a Daily Traffic Count of More Than 28,000
  • Surrounding National Retailers Include Best Buy, Bed Bath & Beyond, JCPenney, Macy’s, Sears, Dick’s Sporting Goods, Mattress Firm, Pier 1 Imports, Olive Garden, Chili’s, Steak n’ Shake, McDonald’s and Many More
  • Attractive Assumable Debt Available (Not a Requirement)

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Citrus Park Plaza, a multi-tenant retail building located in Tampa, FL. The subject property is 12,000 square feet of retail space on a 1.94 acres of land with multiple points of ingress and egress. The property is also located on Citrus Park Drive with a daily traffic count of more than 28,000 vehicles per day.

Citrus Park Plaza is located across from Westfield Citrus Park, which is a major regional mall and is anchored by Dillard’s, Sears, Macy’s, JCPenney and Dick’s Sporting Goods. Additional surrounding national retailers in the area include Best Buy, Bed Bath & Beyond, Mattress Firm, Pier 1 Imports, Olive Garden, Chili’s, Steak n’ Shake, McDonald’s and many more.

The surrounding area has a projected population growth of seven percent between 2015 and 2020. There is a population of nearly 80,000 within three miles of the subject property.

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