Florida-based Private Investor Acquires Tradition Retail Center In Port Saint Lucie For $10.3M

The property asset involved in this transaction is the Tradition Retail Center, a fully leased shopping center located at 10190-10218 SW Village Parkway in Port Saint Lucie, Florida. This retail asset has a transaction amount of $10,300,000, encompassing a total square footage of 28,820. The price per square foot is recorded at $357.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,300,000
• Square Footage: 28,820
• Address: 10190-10218 SW Village Parkway
• Market: Port Saint Lucie
• Price per Square Foot: $357
• Cap Rate: 6.75%
• Number of Tenants: 10
• Notable Tenants: Faith Animal Hospital, Farmers Insurance
• Buyer: Florida-based private investor
• Transaction Type: 1031 exchange

The deal was facilitated by the brokers Daniel Becker, Patrick Nutt, and William Wamble from SRS Real Estate Partners. Their involvement highlights the expertise behind the transaction while representing the interests of the parties engaged in this property sale.