Ripco And RPS Capital Management Sell Retail Property In Brandon, FL For $8.1M

A retail property located at 11135 Causeway Boulevard in Brandon, FL has been sold for a price of $8,125,000. The property spans across 6,453 square feet, resulting in a price per square foot of $1,259. The transaction was closed with a capitalization (CAP) rate of 4.33%. The sale included two properties, namely a brand new absolute NNN Chipotle and Panera Bread, both situated as outparcels at Lake Brandon Plaza.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,125,000
• Address: 11135 Causeway Boulevard, Brandon, FL
• Market: Brandon, FL
• Square Footage: 6,453
• Price Per Square Foot: $1,259
• CAP Rate: 4.33%

The sale of the retail property at 11135 Causeway Boulevard was facilitated by the brokers Stephen R. Preuss Sr., Christian Allimonos, and Andreas Efthymiou from Ripco, along with Robert Sharfstein from RPS Capital Management.

*NOTE FROM BROKER: This sale included two properties: a brand new absolute NNN Chipotle and Panera Bread located as an outparcel at Lake Brandon Plaza.*