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Classic Auction - Retail

Northbay Commerce Center

8975 Racetrack Road, Tampa, FL 33635

ClosedJune 28th, 2017
This asset was part of the May 17th, 2017 sale event, resulting in a successful transaction that closed in just 42 days.

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  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 15.75 Acres
  • Year Built
  • 2004, 2005
  • Number of Floors
  • 1
  • Number of Buildings
  • 3
  • Parking Count
  • 762
  • Occupancy
  • 80.90%
  • Occupancy as of
  • Mar 27, 2017
  • Retail Type
  • Community Center
  • Anchor
  • Yes
  • Property Size
  • 107,670 Sq Ft

Northbay Commerce Center

RealINSIGHT Marketplace and The Shopping Center Group are pleased to present the opportunity to acquire Northbay Commerce Center. Northbay Commerce Center is a 107,670 square foot Publix-anchored center located at the intersection of Hillsborough Avenue and Race Track Road in Tampa, Florida.  Publix is the dominant grocery store in Florida and has substantial term remaining and strong sales.  The Property is part of an integrated development managed by the Northbay Commerce Owner’s Association which also includes Lowe’s Home Improvement store shadow anchor and numerous out parcels including an owned Cracker Barrel on a ground lease and a strip out parcel on Hillsborough Avenue.  The Property was built in 2004 and 2005 and the owned collateral is presently 80.9% leased.  The Northbay Commerce Center offering presents a unique opportunity to acquire a well located Publix anchored center with significant upside potential well below replacement cost in a major Florida market.

 

Auctioneer:
Michael Carr
AU2913

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

ClosedJune 28th, 2017
This asset was part of the May 17th, 2017 sale event, resulting in a successful transaction that closed in just 42 days.

Ready to sell your asset on the platform with the highest trade rate in the industry?
Get Started Today!

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.