Tampa Venture Alliance LLC Acquires Retail Property On Bearss Ave For $8.5M

Located in Tampa, the property involved in the sale transaction is a retail asset situated at 2814 - 2828 Bearss Ave. Spanning across 29,600 square feet, this property showcases a vibrant commercial space in the Tampa market. The sale of this retail asset was brokered by Mark Shellabarger and Ari Ravi of CBRE.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $8,500,000
• Date: 01/22/2022
• Market: Tampa
• Buyer: Tampa Venture Alliance LLC
• Seller: Stanley Properties LLC
• Brokers: Mark Shellabarger and Ari Ravi - CBRE
• Square Footage: 29,600
• Price per Square Foot: $287

The buyer in this transaction, Tampa Venture Alliance LLC, successfully acquired the property from the seller, Stanley Properties LLC, for a total sale price of $8,500,000. The deal was facilitated by brokers Mark Shellabarger and Ari Ravi from CBRE. This transaction highlights the active retail market in Tampa and showcases the continued interest of investors in commercial properties within the area.