SOLDRetail
Randy Benderson Of Benderson Development Acquires Three Retail Properties In Florida For $9.91M And $9.5M
1568 Us 41 By-Pass, 10070 Estero Town Commons Place & 1575 Main Street
Building Size
350,000 SF
Asset Type
Retail
Closing
Aug 18, 2026
About this deal
AI
The transaction involved the acquisition of three retail properties located in Florida, specifically in the markets of Venice, Estero, and Dunedin. The total square footage of the properties amounts to approximately 350,000 square feet. The properties included Venice Market Place, sold for $9.91 million; a Lowe’s in Estero, sold for $9.5 million; and Granada Plaza in Dunedin, with its sale price undisclosed.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9.91 million for Venice Market Place, $9.5 million for Lowe’s, undisclosed for Granada Plaza
- Address: 1568 US 41 Bypass South, 10070 Estero Town Commons Place & 1491-1575 Main Street
- Market: Venice, Estero & Dunedin, FL
- Asset Size: 350,000 SF
- Buyer: Randy Benderson
- Company: Benderson Development
Benderson Development's acquisition expands their presence across Florida, where the company is currently managing more than 4.5 million square feet of new development projects statewide. This strategic move illustrates the company's commitment to enhancing its real estate portfolio within key markets in the region.
On the Map
Retail
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South 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93