Shea Schneider And Sholom Eckhaus Acquire Retail Plaza In Indian Harbour Beach For $4.1M

The asset involved in this transaction is a retail plaza located at 1873 South Patrick Drive, Indian Harbour Beach, with a total area of 24,000 square feet. The sale price for the property was $4,100,000, equating to a price per square foot of $170.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $4,100,000
• Address: 1873 South Patrick Drive
• Market: Indian Harbour Beach
• Square Footage: 24,000
• Price Per Square Foot: $170
• Buyer: Shea Schneider & Sholom Eckhaus
• Seller: Deatra Farmer
• Buyer's Representative: Vitor De Sousa - Lightle Beckner Robison & Inc.

Vennco Equities LLC is the acquiring company led by principals Shea Schneider and Sholom Eckhaus, which has expanded its retail portfolio with this acquisition. The firm is focused on targeting underperforming retail centers with considerable repositioning potential, indicating a strategic growth initiative within Florida's retail sector.