TAMPA, Fla., March 27, 2019 /PRNewswire/ — Jeff Dervech, President of Dervech Real Estate Inc., arranges the sale of prominent Kennedy Blvd shopping plaza in Tampa’s Westshore District. The 18,325 SF retail strip center sold for $4,100,000, or $223.74 per square foot. The neighborhood retail plaza included the following tenants: a UPS Store, McNatts’s Cleaners, Floridian Restaurant, Heads & Tails Apparel Boutique, Monalisa Framing, Aspire Wellness, iCustom Repairs, Dina’s Alternations, The Barbershop by Salon Inga, and Soaring Crane Acupuncture.
Jeff states, "The center offered a great opportunity to acquire a well-known plaza along heavily commuted Kennedy Blvd. The proximity to the Westshore District, the strip center’s location to the affluent South Tampa sub-market, favorable parking attributes, and upside in redevelopment made this a strong investment opportunity."
The plaza is located off Kennedy Blvd, just east of Westshore Plaza, and is visible to over 42,500 vehicles per day. The shopping center’s development consists of 2 separate buildings and sits on 1.18 acres. The center was 84% leased at the time of sale.
About Dervech Real Estate: Dervech Real Estate is an entrepreneurially focused locally based commercial real estate firm, specializing in the arena of retail strip center and shopping center investment sales in the Tampa MSA and throughout the State of Florida. Our firm’s focus is a devotion to working with clients in building strong long-term relationships of trust and credibility to be known as their selected and valued advisor. Our firm prides itself on keeping an ear to the ground and a pulse on the market to obtain knowledge and provide information for our clients to make the most informed decisions.
View original content to download multimedia:http://www.prnewswire.com/news-releases/jeff-dervech-of-dervech-real-estate-inc-arranges-prominent-sale-of-kennedy-blvd-in-tampa-fl-300818968.html
SOURCE Dervech Real Estate, Inc.
Copyright (C) 2019 PR Newswire. All rights reserved