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SRS Real Estate Partners Represents Seller In $10.5M Sale Of Fountain Shoppes In Temple Terrace

Property Image
SOLD
$10,500,000
William Wamble
Patrick Nutt

Florida

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Retail18,110 SF
Sold 11/25/2025
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Property Image
SOLD

SRS Real Estate Partners Represents Seller In $10.5M Sale Of Fountain Shoppes In Temple Terrace

8942 Bertha Palmer Blvd

See Similar Deals
Retail18,110 SF
Sold 11/25/2025
William Wamble
Patrick Nutt
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$579
Total Square Footage:18,110 SF
Transaction Type:Sale

The sale of a fully leased retail center occurred at 8942 Bertha Palmer Boulevard in Temple Terrace, FL, with a sale price of $10,500,000. This retail asset encompasses 18,110 square feet and sits on 2.58 acres. The property features tenants such as Starbucks, Chase, and AT&T, and was built in 2022, operating under a NNN lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,500,000
  • Address: 8942 Bertha Palmer Boulevard
  • Market: Temple Terrace
  • Asset Size: 18,110 SF
  • Price Per Square Foot: $580
  • Acres: 2.58

SRS Real Estate Partners represented the Florida-based seller in this transaction, successfully securing seven offers before finalizing the sale to a Florida private investor. The brokers involved in this deal were Patrick Nutt and William Wamble.

Players

Patrick Nutt
SRS Real Estate Partners
Patrick Nutt
74 deals$552.4M volume
BROKER
William Wamble
SRS Real Estate Partners
William Wamble
53 deals$355.7M volume
BROKER

Details

SOLD
IMAGE: Patrick Nutt & William Wamble DATE: 11/25/2025 ADDRESS: 8942 Bertha Palmer Boulevard MARKET: Temple Terrace ASSET TYPE: Retail ~ ACRES: 2.58 BROKERS: Patrick Nutt (@PatrickNutt) & William Wamble (@Wamblew) - SRS Real Estate Partners (@SRSRealEstatePartners) SALE PRICE: $10,500,000 SF: 18,110 ~ PPSF: $580 NOTE: SRS Real Estate Partners closed the $10.5M sale of Fountain Shoppes, an 18,110-square-foot fully leased retail center at 8942 Bertha Palmer Blvd. in Temple Terrace, FL, featuring national tenants like Starbucks, Chase, and AT&T. SRS represented the Florida-based seller, secured seven offers, and ultimately sold the 2022-built, NNN-leased asset above asking to a Florida private investor.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$559,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
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