SRS Real Estate Partners Completes $7.25 Million Sale of Multi-Tenant Retail Property in St. Petersburg

SRS Real Estate Partners has announced the completion of a $7.25 million sale of a two-parcel, multi-tenant retail property located at 730 4th Street N in St. Petersburg, FL. The property, built in 2009, spans a total of 10,802 square feet and is fully occupied by tenants such as Foxtail Coffee, UPS, Jimmy John’s, Chipotle, and Verizon. This transaction underscores the continued interest in retail properties within growing and affluent trade areas.

The sale was facilitated by SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble, who represented the Tampa-based investment group seller. The buyer, a national fund, was specifically targeting multi-tenant retail properties, indicating a strategic move to capitalize on the stability and income potential of such assets. Wamble noted, "This property offered an opportunity to acquire a strong-performing asset with a favorable tenant lineup in a growing and affluent trade area."

Located on 4th Street, a major thoroughfare in St. Petersburg with daily traffic of 25,000 vehicles, the property benefits from high visibility and accessibility, leading directly into downtown. This location advantage, combined with a strong tenant mix, makes it an attractive investment for buyers looking for retail properties in high-demand areas.

This transaction is part of SRS Capital Markets' significant activity in the commercial real estate sector, having completed over $1.2 billion in deal volume this year through more than 350 transactions nationwide. With over 845 properties currently on the market valued at more than $3.7 billion, SRS continues to be a key player in facilitating high-value commercial real estate transactions. For more information on SRS Real Estate Partners and their services, visit https://srsre.com.