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

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:

• Property Type: Retail
• Transaction Amount: $5,000,000
• Address: 2800 North MacDill Avenue
• Market: Tampa
• Square Footage: 25,191
• Price per Square Foot: $198
• Buyer: Landmarc Realty
• Seller: Brusa Inc
• Broker Representatives: Michael Fay, John Crotty, David Duckworth, Brian de la Fe, Nick Robinson, Philip Shapiro, Nick Mastro & Nick Mastro from Avison Young

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.