SRS Real Estate Partners Facilitates $7.25 Million Retail Property Sale in St. Petersburg

SRS Real Estate Partners has announced the completion of a $7.25 million sale of a two-parcel, multi-tenant retail property located at 730 4th Street N in St. Petersburg, FL. The property, built in 2009, spans a total of 10,802 square feet and is fully occupied by tenants such as Foxtail Coffee, UPS, Jimmy John’s, Chipotle, and Verizon. This transaction underscores the robust demand for retail properties in high-traffic, affluent areas.

The sale was facilitated by SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble, who represented the Tampa-based investment group selling the property. The buyer, a national fund with a focus on multi-tenant retail properties, was identified by the SRS team in an off-market transaction. According to Wamble, the property presented an attractive opportunity due to its strong performance and favorable tenant lineup in a growing trade area.

Located on 4th Street, a major thoroughfare in St. Petersburg that sees 25,000 vehicles daily and leads directly into downtown, the property benefits from high visibility and accessibility. This sale is part of SRS Capital Markets' significant activity in the commercial real estate sector, having completed over $1.2 billion in deal volume this year through more than 350 transactions nationwide. Currently, SRS has over 845 properties on the market, with a combined market value exceeding $3.7 billion.

For more information on SRS Real Estate Partners and their services, visit https://www.srsre.com. This sale not only highlights the vitality of the retail real estate market in St. Petersburg but also demonstrates SRS Real Estate Partners' capability to connect sellers with ideal buyers in off-market transactions.