Marcus & Millichap Sells The Village At Causeway Retail Center In Tampa For $12.9M
10250 Causeway Boulevard
$12,900,000
$463/SF
Building Size
27,860 SF
Asset Type
Retail
Closing
May 16, 2025
AI
A retail center located at 10250-10314 Causeway Boulevard in Tampa has been sold for $12,900,000. The property encompasses 27,860 square feet and was transacted at a price per square foot of $463. It features 13 tenants, including Jimmy John’s and Canopy Road Café.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,900,000
- Square Footage: 27,860
- Price per Square Foot: $463
- Address: 10250-10314 Causeway Boulevard
- Market: Tampa
- Tenants: 13
The deal was facilitated by Marcus & Millichap, with brokers Zach Taylor, Eric Abbott, Evan Cannan, Reid Thedford, and Ryan Nee representing the Tampa-based seller and procuring the buyer for this institutional strip center.
Players
Tampa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93