Lance Zar Of Zar Capital Group Acquires Retail Asset At 5330 Ehrlich Road For $14.85M

The asset involved in this transaction is a retail property located at 5330 Ehrlich Road in the Tampa market. The sale price for the property was $14,850,000, and it encompasses a total of 60,234 square feet, resulting in a price per square foot of $246.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,850,000
• Address: 5330 Ehrlich Road
• Market: Tampa
• Square Footage: 60,234
• Price per Square Foot: $246
• Buyer: Lance Zar - Zar Capital Group
• Seller: Barclay Group
• Brokers: Ari Ravi & Nathan Timmons - Ripco
• Attorneys: Benjamin Sedaghatzandi - Hakimi Law, PC

The buyer, Lance Zar, represents Zar Capital Group, which is actively acquiring retail and mixed-use properties in high-growth markets nationwide. This acquisition marks the firm's fifth investment in the Tampa / St. Petersburg MSA, emphasizing its focus on well-located properties with strong cash flow and potential for growth through leasing and operational enhancements.