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| Moe Derbala |
ST. PETERSBURG, FL –
Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment
services firm with offices throughout the United States and Canada, announced
the sale of 34th Street Crossing, a
51,619-square foot shopping center located in St. Petersburg, Florida,
according to Richard D. Matricaria, regional manager of the firm’s Tampa
office. The asset sold for $4,390,000.
Moe Derbala,
senior associate in Marcus & Millichap’s Tampa office, had the exclusive
listing to market the property on behalf of the seller, a private
investor.
34th Street Crossing is
located at 2900 34th Street South in St. Petersburg, Florida, and resides on
4.32 acres. The shopping center has excellent frontage along 34th Street South,
which is also known as U.S. Highway 19, a major north/south thoroughfare
through Pinellas County.
The property was 97
percent occupied at the time of the sale with 51 percent of the center
consisting of national tenants, such as ALDI, DaVita and Bank of America, in
addition to a great mix of local tenants. The center is well-maintained and has
had multiple capital improvement projects completed within the past few years.
For a complete copy of the company’s news release,
please contact:
Richard D. Matricaria
Vice President/Regional
Manager
Tampa, FL
(813) 387-4700
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