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Hutton Sells Cypress Creek Town Center Portfolio In Lutz For $49.6M

Property Image
SOLD
$49,600,000

Florida

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Retail240,211 SF
Sold 07/26/2023
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Property Image
SOLD

Hutton Sells Cypress Creek Town Center Portfolio In Lutz For $49.6M

State Rd 56 & Wesley Chapel Blvd Wesley Chapel, FL 33559, USA

See Similar Deals
Retail240,211 SF
Sold 07/26/2023
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$206
Total Square Footage:240,211 SF
Transaction Type:Sale

The Cypress Creek Town Center Portfolio in Lutz has been sold for $49.6 million. The retail property is located at the intersection of State Road 56 and Wesley Chapel Blvd. It spans an area of 240,211 square feet, resulting in a price per square foot of $206. The shopping center is fully leased and features notable anchor tenants such as Total Wine, Hobby Lobby, Burlington, HomeGoods, Badcock Furniture, and Dollar Tree.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $49,600,000
  • Address: State Road 56 & Wesley Chapel Blvd
  • Market: Lutz

Newmark, represented by Drew Fleming, successfully brokered the sale of the Cypress Creek Town Center Portfolio. Hutton served as the seller in this transaction. Drew Fleming, from the Newmark agency, played a key role in facilitating the deal, which involved the fully leased retail property in Lutz.

Players

Drew Fleming
Newmark
Drew Fleming
3 deals$83.9M volume
BROKER

Details

SOLD
IMAGE: Drew Fleming DATE: 07/26/2023 ADDRESS: State Road 56 & Wesley Chapel Blvd MARKET: Lutz ASSET TYPE: Retail SELLER: Hutton BROKER: Drew Fleming - Newmark (@Newmark) SALE PRICE: $49,600,000 SF: 240,211 ~ PPSF: $206 NOTE: Newmark brokered the $49.6 million sale of the Cypress Creek Town Center Portfolio in Lutz. The fully leased shopping center includes anchors like Total Wine, Hobby Lobby, Burlington, HomeGoods, Badcock Furniture, and Dollar Tree.

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