CenterSquare Investment Management Acquires Retail Asset From Center Connect Development For $28.75M
16954 Focus Loop
$28,750,000
$575/SF
Building Size
50,000 SF
Asset Type
Retail
Closing
Aug 26, 2026
About this deal
AI
The retail property located at 16954 Focus Loop in Lutz has been sold for a price of $28,750,000. The asset encompasses a total square footage of 50,000, resulting in a price per square foot of $575.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $28,750,000
- Address: 16954 Focus Loop
- Market: Lutz
- Square Footage: 50,000
- Price Per Square Foot: $575
- Buyer: CenterSquare Investment Management
- Seller: Center Connect Development
- Brokers: Jorge Portela, Danny Finkle, Jacob Wise, Evan Lahr & Kim Flores - JLL
The deal involved key representatives from JLL, including Jorge Portela, Danny Finkle, Jacob Wise, Evan Lahr, and Kim Flores, who facilitated the transaction between the buyer and the seller.
On the Map
$28,750,000
$575/SF
Retail
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Players
Land O Lakes 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93