MIAMI—The Isla Del Sol Shoppers Village has traded hands. Isla Del Sol Shoppers Village, LLC, a private, Clearwater, FL-based investment group, purchased the retail asset for $3.95 million from EBK Properties.
Located at 5901 Sun Boulevard in Saint Petersburg, the retail center was 79% occupied at the time of the sale. CBRE represented the owner.
“Isla Del Sol Shoppers Village has long been a preferred destination for retailers and office users serving the nearby beach and waterfront communities,” says CBRE senior vice president Mark Shellabarger. “The buyer was attracted to the investment property because of its unique, inimitable location, stable mix of long-term tenants, and upside potential.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
