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Publix Super Market Acquires Retail Property In Tampa For $7.25M

Property Image
SOLD
$7,250,000

Florida

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Retail64,031 SF
Sold 08/30/2023
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Property Image
SOLD

Publix Super Market Acquires Retail Property In Tampa For $7.25M

8701 W Hills borough AveTampa, FL 33615, USA

See Similar Deals
Retail64,031 SF
Sold 08/30/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$113
Total Square Footage:64,031 SF
Transaction Type:Sale

Publix Super Market has purchased a 6.29-acre retail property located at 8701 West Hillsborough Avenue in Tampa. The property consists of a 64,031-square-foot store and was sold for $7.25 million. The transaction was facilitated by Evan Cannan of Marcus & Millichap acting as the broker for the seller, Hillsborough Memorial LLC.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $7,250,000
  • Address: 8701 West Hillsborough Avenue
  • Market: Tampa
  • Acres: 6.29

Publix Super Market exercised its right of first refusal to acquire the property. The listing did not initially specify a price, which attracted significant interest. Within days, the property received six offers. Publix Super Market matched the top offer to secure the purchase of the property.

Players

Evan Cannan
Marcus & Millichap
Evan Cannan
6 deals$37.7M volume
BROKER
PM
Publix Super Markets
BUYER

Details

SOLD
IMAGE: Evan Cannan DATE: 08/30/2023 ADDRESS: 8701 West Hillsborough Avenue MARKET: Tampa ASSET TYPE: Retail ~ ACRES: 6.29 BUYER: Publix Super Market (@Publix) SELLER: Hillsborough Memorial LLC BROKER: Evan Cannan (@EvanCannan) - Marcus & Millichap (@MarcusMillichap_Fl) SALE PRICE: $7,250,000 SF: 64,031 ~ PPSF: $113 NOTE: Publix Super Market has bought its 64,031-square-foot store in Tampa for $7.25 million, using its right of first refusal. The property was listed without a price, drew six offers within days, and Publix matched the top offer to acquire the property.

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