Investment sales

Odessa, Fla. — SRS Real Estate Partners has brokered the $3.9 million ground lease sale of a retail property located in Odessa, roughly 17 miles northwest of Tampa. Circle K occupies the 5,200-square-foot property on a 15-year, corporate-guaranteed lease. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based private developer, in the transaction. The buyer, a private investment entity controlled by family members residing in California and Florida, purchased the property to complete a 1031 tax deferred exchange. The Circle K serves as an outparcel to a …

Belleair Bluffs, Fla. — JLL Capital Markets has arranged the sale of Belleair Bazaar, a 38,874-square-foot retail strip center located in the St. Petersburg suburb of Belleair Bluffs. Belleair Bazaar is situated on 2.7 acres and offers 29,603 square feet of retail space, as well as 9,271 square feet of second-story office space. The property was 96 percent leased at the time of sale to tenants including Bonefish Grill, Cold Stone Creamery, State Farm and Maggie Mae’s. Jorge Portela, Danny Finkle and Kim Flores of JLL’s Investment Sales and Advisory …

Aventura, Fla. — Triarch Capital Group has acquired a 6,650-square-foot retail property located at 21211-21215 Biscayne Blvd. in the northeastern Miami suburb of Aventura for roughly $6.9 million. Tenants at the property include The Original Pancake House, Morelia Gourmet Paletas and Jimmy John’s. Additionally, the retail property operates as an outparcel to Aventura Commons, a 267,000-square-foot shopping center anchored by Whole Foods, Best Buy, Ulta Beauty and Target.  Douglas Mandel, Zach Levine and Cody Hershey of Marcus & Millichap marketed the property on behalf of the seller, OPH Realty LLC, …

Clermont, Fla. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $3.9 million loan for the refinancing of a 15,520-square-foot retail strip center located at 9350 U.S. Highway 192 in Clermont, 26 miles southwest of Orlando. Tenants at the property include several restaurants, a healthcare office and a tattoo parlor. Garrett Fierstein of MMCC’s Orlando office secured the financing through a national credit union on behalf of the privately based borrower. The loan features a 10-year term with a 25-year amortization period and a 65 percent loan-to-value ratio.