Largo, FL Calkain’s Patrick Nutt and Connor Barton closed the $2.615 million sale of a net-leased multi-tenant strip center at 1001 West Bay Dr.
“This particular asset garnered a lot of interest from local buyers. As an outparcel to a Publix-anchored center, the asset provided the buyer with security moving forward and ease of management with NN leases,” said Barton, a investment sales associate at Calkain. Nutt said, “The buyer received financing at 50% LTV, providing him with positive leverage and the ability to achieve a higher yield.”
This asset was constructed in 2006 and has four national tenants …
