Seattle-based Investor Acquires North Port Village Retail Center For $10.8 Million

The sale involved a retail asset located at 14251-14295 Tamiami Trail in North Port, which encompasses 11 acres and has a total square footage of 66,083. This property was fully leased and is anchored by Planet Fitness. The transaction concluded with a sale price of $10,800,000, resulting in a price per square foot of $163.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,800,000
• Square Footage: 66,083
• Price per Square Foot: $163
• Address: 14251-14295 Tamiami Trail
• Market: North Port
• Acres: 11

The transaction was brokered by Marcus & Millichap, with Clayton Brown, Luke Holsinger, Ruthanne Loar, Drew Kristol, and Kirk Olson representing both the buyer and seller. The buyer is a Seattle-based private investor who acquired the property from a South Florida investment firm.