Successful Sale of Multi-Tenant Retail Property in St. Petersburg, FL

August 14, 2025 - 21:06

A significant real estate transaction has taken place in St. Petersburg, Florida, with the sale of a fully leased, two-parcel multi-tenant retail property for $7.25 million. The property spans 10,802 square feet and is currently home to well-known tenants, including Chipotle, Verizon, and Jimmy John’s. This sale highlights the ongoing demand for high-performing retail assets in prime locations, particularly among institutional buyers.

The transaction was executed off-market, showcasing the strategic approach taken by the involved parties to connect a repeat institutional buyer with a valuable retail investment. The presence of established brands within the strip center enhances its appeal and underscores the potential for continued success in the retail sector.

As retail environments evolve, this sale demonstrates confidence in the market, particularly in areas with strong consumer activity. Investors are increasingly recognizing the value of such properties, which serve as vital components of community infrastructure.