Luke Thomson & Robert Zahralban Of NX3 Commercial Group Represents Buyer In NNN Retail Sale For $27.33M
7408 East Hillsborough Avenue, 150 Pinellas Bayway South, 1964 Blanding Boulevard, 7537 Narcoossee Road & 3280 Howland Boulevard
$27,331,225
$1,307/SF
Building Size
20,912 SF
Asset Type
Retail
Closing
Apr 29, 2026
AI
The transaction involves multiple properties located at 7408 East Hillsborough Avenue, 150 Pinellas Bayway South, 1964 Blanding Boulevard, 7537 Narcoossee Road, and 3280 Howland Boulevard, situated within the markets of Tampa, Tierra Verde, Middleburg, Orlando, and Deltona. The total sale price of the assets is $27,331,225, which translates to a price per square foot of $1,307. The combined square footage of the properties is 20,912, categorized as NNN Retail.
Summary of transaction details:
- Property Type: NNN Retail
- Transaction Amount: $27,331,225
- Square Footage: 20,912
- Price per Square Foot: $1,307
- Address: 7408 East Hillsborough Avenue, 150 Pinellas Bayway South, 1964 Blanding Boulevard, 7537 Narcoossee Road, 3280 Howland Boulevard
- Market: Tampa, Tierra Verde, Middleburg, Orlando & Deltona
- Tenants: 7-Eleven, Wawa, Starbucks, Chipotle, Jersey Mikes, & Verizon
- Buyer’s Representative: Luke Thomson & Robert Zahralban - NX3 Commercial Group
Luke Thomson and Robert Zahralban, representing NX3 Commercial Group, facilitated the transaction. They played a crucial role in advancing the sale involving a variety of tenants, enhancing the asset's marketability across several locations within Florida.
Players
Tampa 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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93