$2.29 million retail property in st. petersburg, FL sold by Marcus & Millichap

Florida Federal Plaza, 850 49th Street, St. Petersburg, FL

ST. PETERSBURG, FL, Sept. 4, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Florida Federal Plaza, a 33,147-square foot retail property located in St. Petersburg, Florida, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $2,290,000.

Moe Derbala

Moe Derbala, associate and retail specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the local seller, a private investor.  Mr. Derbala also secured the buyer of the property, a private investor from Clearwater.

Florida Federal Plaza was built in 1955 and is located at 850 49th Street in St. Petersburg, Florida.  This 33,147-square foot neighborhood shopping center is comprised of 67 percent national tenant brands and is anchored by Save-a-Lot Grocery and Dollar General.  The remaining in-line space is filled by local and regional tenants.

 For a complete copy of the company’s news release, please contact:  

Richard D. Matricaria

Regional Manager

Marcus & Millichap

Tampa, FL

(813) 387-4700