Benderson Development Purchases Retail Property From CTO Realty Growth For $17.5M In Dunedin
1491 Main Street
$17,500,000
$235/SF
Building Size
74,178 SF
Asset Type
Retail
Closing
Jun 16, 2026
About this deal
AI
The retail asset located at 1491 Main Street in Dunedin has been sold for $17,500,000. The property encompasses a total square footage of 74,178, translating to a price per square foot of $235.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $17,500,000
- Address: 1491 Main Street
- Market: Dunedin
- Square Footage: 74,178
- Price per Square Foot: $235
- Buyer: Benderson Development
- Seller: CTO Realty Growth
- Broker Representatives: Eric Williams, Conor Lalor, Andrei Larion & James Sharpe V - Newmark
The transaction was facilitated by a team of brokers from Newmark, consisting of Eric Williams, Conor Lalor, Andrei Larion, and James Sharpe V, who represented the buyer and seller throughout the deal.
On the Map
$17,500,000
$235/SF
Retail
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Players
Market 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
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93