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| American Family Care Urgent Care St. Petersburg 1530 4th Street North, St Petersburg, FL |
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| Krone Wiedler |
Anthony Cimino, Krone Weidler and L.J. Tsunis,
investment specialists in Marcus & Millichap’s Tampa office, had the
exclusive listing to market the property on behalf of the seller, a partnership.
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| L.J. Tsunis |
“We worked with the seller through an environmental condition
associated with the property and aggregated multiple offers," says Mr. Cimino.
"Our ability to articulate to prospective buyers up front the risk associated with the condition allowed us to achieve an aggressive cap rate and price per square foot,”
"Our ability to articulate to prospective buyers up front the risk associated with the condition allowed us to achieve an aggressive cap rate and price per square foot,”
The building consists of
3,514 square feet of rentable area constructed of concrete frame and sits on
0.25 acres. The property is within The City of Saint Petersburg and zoned
Corridor Commercial Traditional-1 (CCT-1).
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| Jack O'Leary |
Fourth Street North comprises
U.S. Highway 92, a 181-mile intrastate U.S. Route spanning from downtown St
Petersburg, Florida at US 19 Alt to its eastern terminus in Daytona Beach at SR
A1A.
It provides convenient access, approximately 1.2-miles south, to
downtown St Petersburg which has seen a surge in commercial real estate
development.
The property is also located
within 2.2-miles of 1,132 hospital beds and three hospitals: St Anthony's
Hospital - St Petersburg - BayCare (1.3-miles/393 acute care beds), Bayfront
Health St. Petersburg (2.2-miles/480 acute care beds), and John Hopkins All
Children's Hospital (2.2-miles/259 acute care beds).
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| Nick Ledvora |
About Marcus &
Millichap (NYSE: MMI)
With over 1,800
investment sales and financing professionals located throughout the United
States and Canada, Marcus & Millichap is a leading specialist in commercial
real estate investment sales, financing, research and advisory services.
Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion.
Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.
Founded in 1971, the firm closed over 9,000 transactions in 2017 with a value of approximately $42.2 billion.
Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors.
CONTACT:
Whitney Davis
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Marketing Coordinator
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Ari Ravi
Regional Manager, Tampa
(813) 387-4700
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