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
About this deal
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:
- Property Type: Mixed-use
- Transaction Amount: $13,000,000
- Address: 2979 West Bay Drive
- Market: Belleair Bluffs
- Square Footage: 38,874
- Price per Square Foot: $334
- Buyer: Andrew Patterson - Shannon Waltchack LLC
- Seller: Gregory Williams & Rufus Williams IV - Cardinal Point Management
- Brokers: Jorge Portela, Danny Finkle & Kim Flores - JLL
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.
On the Map
$13,000,000
$334/SF
Mixed-use
View full map
Players
Belleair Bluffs Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Jorge Portela to view all their deals.
Browse Belleair Bluffs mixed use sales on Traded.
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