SJS Realty Management Sells Fowler Plaza South Shopping Center In Tampa For $12.6M
2301 East Fowler Avenue
$12,600,000
$220/SF
Building Size
57,093 SF
Asset Type
Retail
Closing
Oct 2, 2024
AI
A retail property located at 2301 East Fowler Avenue in Tampa has been sold for $12,600,000. The 57,093-square-foot shopping center, known as Fowler Plaza South, was 97% leased to tenants including Dollar General, Champs Sports, and AT&T.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,600,000
- Square Footage: 57,093
- Price Per Square Foot: $221
- Seller: SJS Realty Management
- Brokers: Jeff Berkezchuk & Jim Michalak - Plaza Advisors
- Date of Transaction: 10/02/2024
- Market: Tampa
The transaction for Fowler Plaza South was facilitated by Plaza Advisors, with Jim Michalak and Jeff Berkezchuk representing the interests in the sale. The identity of the buyer has not been disclosed, and the property is strategically located near the University of South Florida and across from the Rithm redevelopment project.
Players
Tampa Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93