Trust Roofing Acquires Retail Property On Ulmerton Road In Largo From IMECA Lumber For $3M

The transaction involves the sale of a retail property located at 9483 Ulmerton Road in Largo, Florida. The property spans 10,080 square feet and was sold for $3,000,000, equating to a price per square foot of $297. It is situated on a 1.4-acre site, positioned on a signalized corner along the Ulmerton Road retail corridor, providing significant visibility and high traffic counts.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,000,000
• Address: 9483 Ulmerton Road
• Market: Largo
• Square Footage: 10,080
• Price Per Square Foot: $297
• Buyer: Robin + Winnie Scherer - Trust Roofing
• Seller: Tony Cocchiola - IMECA Lumber
• Seller's Representative: Arnaldo Cantero III - C-3 Commercial Real Estate Advisory
• Seller's Attorney: Manuel J. Vadillo & Esq. - Sanchez Vadillo LLP

Arnaldo Cantero III, the Founder and Managing Principal of C-3 Commercial Real Estate Advisory, represented IMECA Lumber in this transaction. Trust Roofing plans to utilize the acquired property as their regional headquarters after it was initially marketed for lease to national retail tenants. C-3 Commercial Real Estate Advisory operates as a Miami-based retail real estate advisory platform, focusing on various functions such as leasing, acquisitions, repositioning, and investment sales across Florida.