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Kenneth Glazer Of Buckingham Properties Acquires Central Park Plaza In Largo For $5.6M

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SOLD
$5,600,000
Jim Michalak
Jeff Berkezchuk

Florida

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Retail47,653 SF
Sold 01/07/2025
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Property Image
SOLD

Kenneth Glazer Of Buckingham Properties Acquires Central Park Plaza In Largo For $5.6M

1350 Missouri Avenue North

See Similar Deals
Retail47,653 SF
Sold 01/07/2025
Jim Michalak
Jeff Berkezchuk
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$117
Total Square Footage:47,653 SF
Transaction Type:Sale

The retail property located at 1350 Missouri Avenue North in Largo spans 4.26 acres and has a total square footage of 47,653. It was acquired for a price of $5,600,000, translating to a price per square foot of $118. At the time of sale, the property was reported to be 95% leased, with notable tenants including NAPA Auto Parts and Rent-A-Center.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,600,000
  • Address: 1350 Missouri Avenue North
  • Market: Largo
  • Acres: 4.26
  • Square Footage: 47,653
  • Price Per Square Foot: $118
  • Buyer: Kenneth Glazer - Buckingham Properties
  • Brokers: Jeff Berkezchuk & Jim Michalak - Plaza Advisors

The transaction was facilitated by Plaza Advisors, representing the sellers in the deal. The involvement of Kenneth Glazer from Buckingham Properties highlights the key individuals contributing to this property sale, showcasing their engagement in the retail market.

Players

Jim Michalak
Plaza Advisors
Jim Michalak
6 deals$83.6M volume(813) 220-5342
BROKER
Jeff Berkezchuk
Plaza Advisors
Jeff Berkezchuk
5 deals$61.6M volume(813) 892-7817
BROKER

Details

SOLD
IMAGE: Kenneth Glazer, Jeff Berkezchuk & Jim Michalak DATE: 01/07/2025 ADDRESS: 1350 Missouri Avenue North MARKET: Largo ASSET TYPE: Retail ~ ACRES: 4.26 BUYER: Kenneth Glazer - Buckingham Properties (@BuckProp) BROKERS: Jeff Berkezchuk (@_JeffBerk_) & Jim Michalak - Plaza Advisors SALE PRICE: $5,600,000 SF: 47,653 ~ PPSF: $118 NOTE: A New York-based LLC linked to Buckingham Properties purchased the 47,653-square-foot Central Park Plaza in Largo, FL, for $5.6 million. Plaza Advisors, representing the sellers, reported the center was 95% leased at the time of sale with tenants including NAPA Auto Parts and Rent-A-Center.

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

$298,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28