Michael Levy Of Crow Holdings Acquires Retail Property In Trinity Florida From Colterra Capital Corp For $23M
10720 State Road 54
$23,000,000
$299/SF
Building Size
76,834 SF
Asset Type
Retail
Closing
Sep 11, 2026
About this deal
AI
Colterra Capital Corp. sold a retail property located at 10720 State Road 54 in Trinity, Florida. The asset covers a total area of 76,834 square feet and sold for $23 million, equating to a price per square foot of $299.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $23,000,000
- Address: 10720 State Road 54
- Market: Trinity, FL
- Square Footage: 76,834
- Price Per Square Foot: $299
- Buyer: Michael Levy - Crow Holdings
- Seller: Colterra Capital Corp
- Broker Representatives: Tommy Isola & Whitaker Leonhardt - Colliers
- Leasing Status: 93% leased
- Notable Tenants: Bonefish, Synovus Bank, Tampa General
This transaction was facilitated by brokers Tommy Isola and Whitaker Leonhardt, who represented Colterra Capital Corp. in the sale of the Trinity Village Center to Crow Holdings, led by buyer Michael Levy.
On the Map
$23,000,000
$299/SF
Retail
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Players
New Port Richey 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
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93