JJR Apartments LLC Purchases Retail Property In Tampa For $6.1M

The property involved in the transaction is a 15,120-square-foot net-leased Walgreens located at 4141 West Hillsborough Avenue in Tampa, Florida. The sale price for this retail asset was $6,097,000, with a price per square foot of $403.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,097,000
• Buyer: JJR Apartments LLC
• Seller: CP Thunder FS LLC
• Brokers: Evan Kristol, Felipe Echarte, Gabriel Britti, Ronnie Issenberg & Ricardo Esteves - Marcus & Millichap
• Mortgage Broker: Christopher Marks - Marcus & Millichap

The deal was facilitated by investment specialists from Marcus & Millichap's Miami and Fort Lauderdale offices. The transaction also involved guidance from Christopher Marks, the mortgage broker at Marcus & Millichap. The strong demand for net-leased drug stores in Florida was evident in this sale, with $3,048,500 in balance sheet financing contributing to the $6,097,000 sale price.