Ross Realty Investments Inc. Sells Tri-Cities Shopping Plaza In Mount Dora For $12.4M

The transaction involves the sale of a retail asset, Tri-Cities Shopping Plaza, located at 16800-16950 Us Highway 441 in Mount Dora, Florida. The property is fully leased and encompasses 71,172 square feet, with a sale price of $12,400,000, translating to a price per square foot of $174.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,400,000
• Address: 16800-16950 Us Highway 441
• Market: Mount Dora
• Square Footage: 71,172
• Price per Square Foot: $174
• Seller: Ross Realty Investments Inc.
• Brokers: Kirk Olson & Drew Kristol - Institutional Property Advisors - Marcus & Millichap

Kirk Olson and Drew Kristol represented the seller, Ross Realty Investments Inc., in this transaction and successfully connected with a Florida-based investor. The tenant mix at the property includes notable brands such as T.J. Maxx, Ross Dress for Less, Dollar Tree, VIPcare, Victoria’s Hallmark, Bricks & Minifigs, Papa John’s Pizza, and features a Hobby Lobby shadow anchor.