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

Property Image
SOLD
$13,000,000
Kim Flores
Danny Finkle
+ 2

Florida

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Mixed-use38,874 SF
Sold 09/22/2025
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Property Image
SOLD

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

2979 West Bay Drive

See Similar Deals
Mixed-use38,874 SF
Sold 09/22/2025
Kim Flores
Danny Finkle
+ 2
Contact now

Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$334
Total Square Footage:38,874 SF
Transaction Type:Sale

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
57 deals$3.9B volume
BROKER

Kim Flores
JLL
35 deals$3.2B volume
BROKER

Jorge Portela
JLL
23 deals$1.6B volume
BROKER

Andrew Patterson
1 deal$13M volume
BUYER

Gregory Williams
Cardinal Point Management
1 deal$13M volume
SELLER

Details

SOLD
IMAGE: Andrew Patterson, Jorge Portela, Kim Flores & Danny Finkle DATE: 09/22/2025 ADDRESS: 2979 West Bay Drive MARKET: Belleair Bluffs ASSET TYPE: Mixed-use ~ ACRES: 2.7 BUYER: Andrew Patterson - Shannon Waltchack LLC (@ShannonWaltchack) SELLER: Gregory Williams & Rufus Williams IV - Cardinal Point Management BROKERS: Jorge Portela, Danny Finkle & Kim Flores - JLL (@JLL) SALE PRICE: $13,000,000 SF: 38,874 ~ PPSF: $334 NOTE: Shannon Waltchack LLC bought Belleair Bazaar, a 38,874-square-foot mixed-use center in Belleair Bluffs, for $13 million. JLL Capital Markets represented seller Cardinal Point Management and procured the buyer for the 96% leased property, anchored by tenants including Bonefish Grill and Cold Stone Creamery. -use

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$693,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59