Tripp Russ, Reed Russ & Blair Butler Of 90Ten Acquire Retail Properties Along Central Ave From Eastman Equity
Central Ave
Building Size
15,347 SF
Asset Type
Retail
Closing
Apr 14, 2026
About this deal
AI
The transaction involves a retail property located at 965, 1025, 1027, 1029, 1033, 1037, and 1041 Central Ave in the Tampa-St. Pete, FL market. The total square footage of the property is 15,347. The seller is Eastman Equity, and the buyer is a group comprising Tripp Russ, Reed Russ, and Blair Butler, representing 90Ten.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Tripp Russ, Reed Russ & Blair Butler - 90Ten
- Seller: Eastman Equity
- Date of Transaction: 04/15/2026
- Market: Tampa-St. Pete, FL
90Ten has expanded its footprint in the market through this acquisition, which is regarded as a centerpiece in the city's primary retail corridor. This acquisition comes shortly after their previous purchase of properties located at 1110, 1114, and 1128 Central Ave.
Players
Saint Petersburg Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93