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Marcus & Millichap Sells The Village At Causeway Retail Center In Tampa For $12.9M

Property Image
SOLD
$12,900,000
Eric Abbott
Zachary (Zach) Taylor
Evan Cannan
+ 2

Florida

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Retail27,860 SF
Sold 05/16/2025
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells The Village At Causeway Retail Center In Tampa For $12.9M

10250 Causeway Boulevard

See Similar Deals
Retail27,860 SF
Sold 05/16/2025
Eric Abbott
Zachary (Zach) Taylor
Evan Cannan
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$463
Total Square Footage:27,860 SF
Transaction Type:Sale

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

Reid Thedford
Marcus & Millichap
Reid Thedford
3 deals$21.4M volume
BROKER
Ryan Nee
Marcus & Millichap
Ryan Nee
21 deals$384.6M volume
BROKER
Evan Cannan
Marcus & Millichap
Evan Cannan
6 deals$37.7M volume
BROKER
Zachary (Zach) Taylor
Marcus & Millichap
Zachary Taylor
42 deals$355.9M volume(678) 808-2780
BROKER
Eric Abbott
Marcus & Millichap
Eric Abbott
30 deals$169.6M volume(678) 808-2746
BROKER

Details

SOLD
IMAGE: Eric Abbott, Zach Taylor, Evan Cannan, Ryan Nee & Reid Thedford DATE: 05/16/2025 ADDRESS: 10250-10314 Causeway Boulevard MARKET: Tampa ASSET TYPE: Retail BROKERS: Eric Abbott, Evan Cannan (@EvanCannan), Reid Thedford, Ryan Nee & Zach Taylor - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $12,900,000 SF: 27,860 ~ PPSF: $463 NOTE: Marcus & Millichap brokered the $12.9M sale of The Village at Causeway, a 27,860 SF retail center in Tampa with 13 tenants including Jimmy John’s and Canopy Road Café. Zach Taylor, Eric Abbott, Evan Cannan, and Reid Thedford represented the Tampa-based seller and procured the institutional strip center buyer.

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

$688,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,830.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,152.58
Annual Debt Service$733,830.98