Curated News
By: NewsRamp Editorial Staff
August 14, 2025
SRS Real Estate Partners Seals $7.25M Retail Property Sale in St. Petersburg
TLDR
- SRS Real Estate Partners secured a $7.25 million sale, offering investors a prime opportunity to own a high-performing asset in a thriving St. Petersburg location.
- The sale involved a 10,802 square foot, fully occupied strip center in St. Petersburg, FL, represented by SRS Capital Markets, highlighting a strategic off-market transaction.
- This transaction enhances the local economy by supporting a vibrant retail space, contributing to the community's growth and providing essential services to residents.
- A bustling St. Petersburg strip center, home to popular brands like Chipotle and Verizon, changes hands in a $7.25 million off-market deal.
Impact - Why it Matters
This transaction underscores the vitality of the retail real estate market in St. Petersburg, FL, highlighting the demand for well-located, multi-tenant properties. For investors and businesses, it signals the continued attractiveness of retail spaces in high-traffic areas, offering potential for stable returns and growth opportunities in affluent markets.
Summary
SRS Real Estate Partners has successfully closed a $7.25 million off-market sale of a fully occupied, two-parcel multi-tenant strip center located at 730 4th Street N in St. Petersburg, FL. The property, built in 2009, spans 10,802 square feet and hosts a mix of popular tenants including Foxtail Coffee, UPS, Jimmy John’s, Chipotle, and Verizon. Representing the seller, a Tampa-based investment group, were SRS Capital Markets Senior Managing Principal Patrick Nutt and Executive Vice President & Principal William Wamble. The buyer, a national fund, was specifically interested in multi-tenant retail properties. Wamble highlighted the transaction as an opportunity to acquire a strong-performing asset in a growing and affluent area. The property is strategically located on 4th Street, a major thoroughfare with significant daily traffic. SRS Capital Markets has been active, completing over $1.2 billion in deals this year. SRS Real Estate Partners, with a strong presence in the U.S., continues to be a leader in providing comprehensive commercial real estate solutions.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, SRS Real Estate Partners Seals $7.25M Retail Property Sale in St. Petersburg
