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2979 West Bay Drive

Andrew Patterson Of Shannon Waltchack LLC Acquires Belleair Bazaar In Belleair Bluffs For $13M
SOLDMixed-use

Andrew Patterson Of Shannon Waltchack LLC Acquires Belleair Bazaar In Belleair Bluffs For $13M

2979 West Bay Drive

$13,000,000

$334/SF

Building Size

38,874 SF

Asset Type

Mixed-use

Closing

Sep 22, 2025

AI

A mixed-use property located at 2979 West Bay Drive in Belleair Bluffs was sold for $13,000,000. The asset spans 38,874 square feet and is situated on a 2.7-acre site. The property is 96% leased, with tenants including Bonefish Grill and Cold Stone Creamery.

Summary of transaction details:

The transaction involved Andrew Patterson representing Shannon Waltchack LLC as the buyer, while the seller, Cardinal Point Management, was represented by Jorge Portela, Danny Finkle, and Kim Flores from JLL.

Players

Danny Finkle

JLL

Broker

$4B

vol

59 deals

Broker
Andrew Patterson

Andrew Patterson

Buyer

$13M

vol

1 deal

Buyer
Gregory Williams

Gregory Williams

Cardinal Point Management

Seller

$13M

vol

1 deal

Seller

Belleair Bluffs Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93