Curbline Acquisitions Purchases The Shoppes At Crescent Park In Riverview For $14M
3940 Us 301 & 3940 Us Route 301
$14,000,000
$296/SF
Building Size
23,641 SF
Asset Type
Retail
Closing
Jul 24, 2026
About this deal
AI
The Shoppes at Crescent Park is a retail asset located at 3904-3940 US 301 in Riverview, Florida. This shopping center encompasses 23,641 square feet and was sold for $14,000,000, equating to a price per square foot of $592. The property is currently 95% leased, featuring a mix of national and regional tenants, contributing to its market viability.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,000,000
- Square Footage: 23,641
- Price Per Square Foot: $592
- Buyer: Curbline Acquisitions
- Seller: KW Partners
- Brokers: Jim Shiebler & James Garner - CBRE
This transaction highlights the collaborative representation by CBRE, which facilitated the sale for both Curbline Acquisitions and KW Partners. The role of the brokers, Jim Shiebler and James Garner, was essential in executing this transaction, demonstrating their expertise in the retail property market.
Players
Riverview Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93