Plaza Advisors brokers sale of Central Park Plaza shopping center in Largo, Fl

Central Park Plaza in Largo, FL  offers 47,653 SF of retail space 

 

Jim Michalak

LARGO, FL -- Central Park Plaza in Largo, FL includes 47,653 square feet of retail space and was 95% occupied at the time of sale, with notable tenants including NAPA Auto Parts, Rent-A-Center, Boost Mobile and AMA Medical Group (Humana).

The property is situated on 4.26 acres along Missouri Avenue (32,000 VPD) within an opportunity zone, just minutes away from popular beaches and in close proximity to national retailers such as Publix, Walmart, Ross, TJ Maxx and ALDI.

 

The Plaza Advisors team led by Jeff Berkezchuk and Jim Michalak represented the seller. No other brokers were involved.

 

Jeff Berkezchuk

“The combination of below market in place rents and an attractive per square foot price resulted in significant investor interest in Central Park Plaza” Berkezchuk said.

 “Demand for value-add shopping centers in well-located markets such as the Tampa MSA is extremely high and with the current lack of product supply there is no shortage of qualified investors ready to deploy capital.”

 

 

 

CONTACT:

 

Jim Michalak

Managing Partner

Plaza Advisors

www.plazadvisors.com

 

4100 West Kennedy Boulevard, Suite 100

Tampa, FL 33609

Main: 813.837.1300 Ext. 1

jim.michalak@plazadvisors.com