Nick Jones Purchases Retail Center From Richard Strober In Tampa MSA For $10 Million

This retail asset located at 2102 West Brandon Boulevard in the Tampa MSA consists of a 20,124 square foot unanchored strip center that traded off market for $10 million. At the time of the transaction, the property was fully occupied by 11 tenants, highlighting its strong rental performance.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,000,000
• Square Footage: 20,124
• Price Per Square Foot: $496
• Buyer: Nick Jones
• Seller: Richard Strober
• Brokers: Anthony Bernabe, Jordan Characo & Davis Gillie - Equity
• Market: Tampa MSA

The acquisition aligns with Alakai Capital’s strategy of targeting well-located retail properties across Central Florida. Key investment drivers included the asset's visibility and traffic on Brandon Boulevard, as well as its position within a submarket characterized by high demand and low vacancy rates. The deal reflects the buyer's focus on durable cash flows and potential value-add opportunities.