FAQ on SRS Real Estate Partners' $7.25 Million Sale of Multi-Tenant Retail Property in St. Petersburg, FL

What property did SRS Real Estate Partners sell?

SRS Real Estate Partners sold a fully occupied, two-parcel, multi-tenant strip center at 730 4th Street N in St. Petersburg, FL, totaling 10,802 square feet.

How much was the property sold for?

The property was sold for $7.25 million.

Who represented the seller in the transaction?

SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble represented the seller, a Tampa-based investment group.

Who purchased the property?

The buyer was a national fund specifically targeting multi-tenant retail properties.

What are some of the tenants in the property?

Tenants include Foxtail Coffee, UPS, Jimmy John’s, Chipotle, and Verizon.

Why is this sale significant?

This sale is significant as it represents SRS’s ability to facilitate off-market transactions and their expertise in identifying ideal buyers for strong-performing assets in affluent trade areas.

What is the total deal volume completed by SRS Capital Markets this year?

This year, SRS Capital Markets has completed more than $1.2 billion in deal volume comprised of more than 350 transactions across the nation.

How many properties does SRS currently have on the market?

SRS currently has in excess of 845 properties actively on the market with a market value surpassing $3.7 billion.

Where is SRS Real Estate Partners headquartered?

SRS Real Estate Partners is headquartered in Dallas, with 29 offices in the U.S.

How can I find more information about SRS Real Estate Partners?

For more information, please visit srsre.com.