CBRE Arranges Sale of 12,496 SF Multi-Tenant Retail Property in Valrico, FL

CBRE has arranged the $3.175 million sale of a 12,496-square-foot multi-tenant property anchored by a Tire Choice Total Car Care Center in Valrico, Fla., to a private investor who recently moved to Florida from California.

Mark Shellabarger and Ari Ravi with CBRE Capital Markets in Tampa represented the seller, a local private investor based in Lakeland, Fla. Michael Kaplan from Weitzman represented the buyer.

Located at 3519 Bell Shoals Road, the property was fully leased to three tenants at the time of sale.

“The stable cash flow, tremendous growth in the area, and longer-term tenancy made this an appealing opportunity,” said Ari Ravi.

Mark Shellabarger added, “Surrounded by mature neighborhoods with above-average demographics, the property’s location and the internet-resilient tenant mix were key factors in the buyer’s decision to purchase the property.”