Two Tampa Bay Medical Office Buildings Sold For $12.85M With Seller's Rep Juan Vega

Two medical office buildings in the Tampa Bay area were sold for a combined total of $12.85 million. The property at 2201 Central Avenue in St. Petersburg, covering 18,677 square feet, sold for $8.25 million, while the 5041 West Cypress Street building in Tampa, which spans 8,192 square feet, was sold for $4.6 million. The properties were part of the St. Petersburg and Tampa markets, with a price per square foot of $478.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $12,850,000
• Address 1: 2201 Central Avenue, St. Petersburg
• Address 2: 5041 West Cypress Street, Tampa
• Square Footage: 26,869
• Buyer’s Representative: Archer Group Real Estate, Seacrest Advisory; John DeLaVergne - DeLaVergne & Co.
• Seller’s Representative: Juan Vega - Colliers

Juan Vega represented the sellers in this transaction, demonstrating the involvement of Colliers in the deal. The buyer representation included Archer Group Real Estate, Seacrest Advisory, and John DeLaVergne of DeLaVergne & Co., showcasing a collaboration between these firms in securing the transactions for both properties.