Jeff Dervech, CCIM of Dervech Real Estate, Inc. arranged the sale of a parcel in the Riverview submarket of Brandon, FL for a new retail strip center development. The property located at 9921 Causeway Blvd sold for $1,150,000 and is approximately 1.50 acres of land, zoned commercial. The site is well positioned on Causeway Blvd, which is a main arterial road off the Selmon Expressway that connects Tampa with Brandon, Riverview, and South Hillsborough County.
“This property offered the developer an opporunity to build a new project in a high barrier to entry, infill submarket to serve the neighboring population and to add retail services currently in demand” stated Jeff Dervech, CCIM.
This submarket benefits from very strong demographics including 37,000 households and a median household income of over $60,000 within a 3-mile radius. The seller was a corporation, and the buyer was a regionally based, private developer. The deal closed in 90 days in an all-cash transaction.
For further information, please contact Jeff Dervech at 813-382-8977 or JDervech@DervechRE.com
To learn more about Dervech Real Estate, please visit https://dervechrealestate.com/
About Dervech Real Estate:
Dervech Real Estate is an entrepreneurially focused, Tampa based commercial real estate firm, specializing in the arena of shopping center investment sales and retail advisory services in the Tampa MSA and throughout the State of Florida. Our firm is devoted to working with clients to build strong, long-term relationships that foster trust and credibility, and to be their selected and valued advisor. Dervech Real Estate prides itself on keeping an ear to the ground and a pulse on the market to provide knowledgeable insight that enables our clients to make the most informed decisions.