Arafat Asker Acquires Office Building In Temple Terrace For $2.65M From Robbert Eggleston

The property located at 5210 East Fowler Avenue in the Temple Terrace market is an office asset on a 1.09-acre parcel. The transaction was completed for a sale price of $2,650,000, which reflects a price per square foot of $233 for a total area of 11,345 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $2,650,000
• Buyer: Arafat Asker
• Seller: Robbert Eggleston
• Brokers: Darpan Patel, Dan Yozwiak & Bobby Gross - Marcus & Millichap
• Market: Temple Terrace
• Acres: 1.09
• Square Feet: 11,345
• Price per Square Foot: $233
• Date: 09/09/2024

This transaction featured a notable execution, securing the asset at 93% of the listed price with a quick close within 15 days of the purchase and sale agreement. The property is strategically located across from a new Publix and is just a quarter-mile from the University of South Florida campus, which has over 64,500 students, faculty, and staff for the 2023-2024 school year. Additionally, USF has announced a new $340 million state-of-the-art football stadium half a mile from the property, and the surrounding demographics include a population of over 248,000 with average incomes exceeding $75,000 within a five-mile radius.