Shea Schneider And Sholom Eckhaus Acquire Palm Bay Plaza From Kathy Theofilos For $2.6M

The retail property located at 4500 Dixie Highway in Palm Bay, Florida, was sold for $2,600,000. This asset spans 36,404 square feet, resulting in a price per square foot of $71.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,600,000
• Address: 4500 Dixie Highway
• Market: Palm Bay
• Square Footage: 36,404
• Price Per Square Foot: $71
• Buyer: Shea Schneider & Sholom Eckhaus
• Seller: Kathy Theofilos
• Buyer's Representative: Douglas Legler - NAI Southcoast
• Seller's Representative: Vitor De Sousa - Lightle Beckner Robison & Inc.

The acquisition was made by Shea Schneider and Sholom Eckhaus of Vennco Equities LLC, who expressed enthusiasm about the investment in Palm Bay Plaza. Their strategy focuses on enhancing value through renovations and attracting quality tenants to boost the property’s appeal and benefit the community.