Jeff Dervech arranges the $1.9M Sale of Bayview Commons Shopping Center in an Affluent Submarket of Tampa. The 8,833 sf shopping center sold for $1,895,000, approx. $214.54 per square foot, and was 87.7% occupied at the time of sale. The tenants at the plaza included Flirt Wax Bar, Lash Spa Studio, Shear Art, Milana Custom and Mycometer.
“Bayview Commons offered investors an opportunity to acquire a well-located shopping center in a highly affluent neighborhood of Tampa. The center was vigorously sought out after by local, regional, and international investors largely due to the irreplaceable underlying real estate and strong demographics.”
The plaza is located off MacDill Ave in the Bayshore Beautiful neighborhood of Tampa, approx. 3 miles from Downtown. The shopping center was formerly the Old Meeting House property which was later converted to multi-tenant retail.
For further information please contact Jeff Dervech at 813-513-9439 or JDervech@PlazAdvisors.com
About Plaza Advisors:
Plaza Advisors is a boutique real estate investment sales firm specializing in multi-tenant retail dispositions. The firm’s geographic area of focus is primarily within Florida. Clients include pension fund advisors, public and private REITs, life insurance companies, developers, national banks and private investors.