Carrera Family Investments Acquires Retail Property In Lakeland For $9.2M

Located at 2630 Highway 92 East in Lakeland, this retail property has recently changed hands in a sale transaction. The property spans across 76,264 square feet and was sold for a total price of $9,200,000, resulting in a price per square foot of $121. The sale took place on February 17, 2022.

Summary of transaction details

• Property Type: Retail
• Sale Price: $9,200,000
• Square Footage: 76,264
• Price per Square Foot: $121
• Market: Lakeland

Jose Carrera of Carrera Family Investments acquired the property from CF Properties, with Spencer Friedman representing the seller. Maria Gueits from Avanti Way acted as the buyer's representative, while Kirk D. Olson and Drew A. Kristol, both from Marcus & Millichap, represented the seller in the deal.

Drew A. Kristol and Kirk D. Olson, investment specialists at Marcus & Millichap, exclusively marketed the property on behalf of CF Properties. The property, known as Eastside Village, has been a solid investment, boasting no vacancies for over seven years. Spencer Friedman, principal at CF Properties, expressed his satisfaction with the investment's performance.