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| Walgreens, 4738 West Gandy Boulevard, Tampa, FL |
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| Eric Williams |
MIAMI, FL
–– Holliday Fenoglio Fowler, L.P. (HFF) announces the $4.5
million sale of a 15,942-square-foot, single-tenant retail building occupied by
Walgreens in Tampa, Florida.
The HFF team
marketed the property on behalf of the seller, a private investor. The
property was purchased by a private Florida-based investor free and clear
of existing financing.
Walgreens has
occupied the property since it was constructed in 1996 and has more than 38
years remaining on its net lease.
Situated on 1.99 acres at 4738 West
Gandy Boulevard, the freestanding building is at the hard corner of the heavily
trafficked intersection of West Gandy Boulevard and West Shore Boulevard, which
sees more than 54,500 vehicles a day, and is in the affluent South Tampa
neighborhood.
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| Maxx Carney |
More than 43,000 residents earning an average annual
household income of $93,745 live within a three-mile radius of the
Walgreens.
Additionally, the $600-million Westshore Marina District
development is currently under construction adjacent to the property and will
consist of approximately 2,000 residential units, office/commercial space and a
hotel.
The HFF
investment advisory team that represented the seller included directors Eric
Williams, Maxx Carney and Steve Schrenk and managing director Marc Mandel.
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| Steve Schrenk |
“South Tampa
has long been one of top-performing and most-coveted retail submarkets within
the Tampa MSA, given its affluence and population density,” Williams
said.
“Walgreens’ remaining lease term and location adjacent to the $600
million waterfront Westshore Marina District mixed-use development, which is
currently under construction, position both the store and site well for
long-term success.”
HFF and its
affiliates operate out of 26 offices and are a leading provider of commercial
real estate and capital markets services to the global commercial real estate
industry.
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| Marc Mandel |
HFF, together with its affiliates, offers clients a fully
integrated capital markets platform, including debt placement, investment
advisory, equity placement, funds marketing, M&A and corporate advisory,
loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF
Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE:
HF).
CONTACTS:
ERIC WILLIAMS
FL Lic. #SL3179736
HFF Director
(305)
448-1333
ewilliams@hfflp.com
MAXX
CARNEY
HFF
Director
(305)
448-1333
KIMBERLY
STEELE
HFF Digital
Content/Public Relations Specialist
(713)
852-3420
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