Chris Jallo Purchases Retail Property In St. Petersburg From Howard & Debbie Shiffman For $3.675M

The property involved in the transaction is located at 4526 4th Street North in the St. Petersburg market. It is classified as a retail asset with a transaction amount of $3,675,000. The property has a total square footage of 3,870 and a price per square foot of $949.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,675,000
• Buyer: Chris Jallo
• Seller: Howard & Debbie Shiffman
• Brokers: Darpan Patel, Dan Yozwiak & Quinn Ryan - Marcus & Millichap
• Date of Transaction: 5/9/2025

The brokers facilitated the closing of this transaction, representing the seller and achieving a closing price at 98% of the asking amount to a local 1031 buyer. This transaction underscores the demand for single-tenant net lease assets in prime Florida markets. Interested parties can contact Quinn Ryan, Darpan Patel, or Dan Yozwiak for inquiries regarding net lease properties or 1031 exchanges.