SOLD
Hutton Sells Cypress Creek Town Center Portfolio In Lutz For $49.6M
State Road 56 & Wesley Chapel Boulevard
Retail
240,211 SF
240,211 SF
Sold 287 days ago
Summary
Sale
FLORIDA
Retail
240,211 sqft
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.
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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.View on map
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AddressState Road 56 & Wesley Chapel Boulevard
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