Tampa, Florida
The Shoppes on South Howard
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Transaction Details
533 S Howard Ave
Tampa, FL 33606
21,393 Sq. Ft.
PROPERTY TYPE
Retail
Investment Highlights
- Acquired off-market from local ownership
- 95% occupied at acquisition
- A+ location in South Tampa adjacent to the “Soho” bar district and nearby high-end residential neighborhoods such as Hyde Park, Parkland Estates, Palma Ceia, and New Suburb Beautiful
- Nearby retailers include Publix, CVS, Starbucks, and Panera
- Strong national tenancy including Chipotle, Jimmy John’s, GNC, and Edward Jones
- Increased rental rates from $20 PSF NNN to over $40 PSF NNN
- Added additional income streams from parking and Wells Fargo ATM
- Cardinal Point handled all property management, asset management, and leasing for the property
- Sold to affiliates of Rosemurgy Properties