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Landmarc Realty Purchases Fountain Plaza Retail Center In Tampa From Brusa Inc For $5M

Property Image
SOLD
$5,000,000
Michael Fay
John Crotty
+ 4

Florida

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Retail25,191 SF
Sold 08/04/2025
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Property Image
SOLD

Landmarc Realty Purchases Fountain Plaza Retail Center In Tampa From Brusa Inc For $5M

2800 North Mac Dill Avenue

See Similar Deals
Retail25,191 SF
Sold 08/04/2025
Michael Fay
John Crotty
+ 4
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$198
Total Square Footage:25,191 SF
Transaction Type:Sale

The retail asset located at 2800 North MacDill Avenue, Tampa, was sold for $5,000,000. This property spans 1.9 acres and includes a total square footage of 25,191. The asset is currently 71% leased with tenants that include Taqueria Emanuel, ABC Home Care, and Midtown Nutrition.

Summary of transaction details:

Brusa Inc. acquired the property for $300,000 in 1988, highlighting a significant appreciation in value over the years. Avison Young will manage leasing for the facility post-transaction, contributing to its future occupancy potential.

Players

John Crotty
51 deals$1.5B volume(305) 345-9567
BROKER

Michael Fay
Avison Young
49 deals$1.4B volume(305) 447-7842
BROKER

David Duckworth
Avison Young
44 deals$1.2B volume
BROKER

Brian de la Fé
Avison Young
46 deals$1.3B volume(305) 476-7134
BROKER

Nick Robinson
Avison Young
2 deals$27.5M volume(352) 857-2626
BROKER

Philip Shapiro
Avison Young
6 deals$116M volume(305) 476-7152
BROKER

Nick Mastro
Avison Young
2 deals$14.1M volume(813) 390-7199
BROKER

Avison Young
BROKERAGE

Details

SOLD
IMAGE: 08/04/2025 ADDRESS: 2800 North MacDill Avenue MARKET: Tampa ASSET TYPE: Retail ~ ACRES: 1.9 BUYER: Landmarc Realty SELLER: Brusa Inc BROKERS: Michael Fay, John Crotty, David Duckworth, Brian de la Fe, Nick Robinson, Philip Shapiro, Nick Mastro & Nick Mastro - Avison Young SALE PRICE: $5,000,000 SF: 25,191 ~ PPSF: $198 NOTE: Landmarc Realty bought the 25,191-square-foot Fountain Plaza retail center near Raymond James Stadium for $5M from Brusa Inc., which paid $300K in 1988.The 1.9-acre property at 2800 N. MacDill Ave. is 71% leased with tenants like Taqueria Emanuel, ABC Home Care, and Midtown Nutrition; Avison Young will handle leasing.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
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