Florida & Gulf Coast CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Florida & Gulf Coast  + Gulf Coast  + Retail  | 
Marcus & Millichap has brokered the sale of a 64,031-square-foot net-leased Publix store at 8701 W. Hillsborough Ave. in Tampa, FL.

Marcus & Millichap Brokers $7.25M Sale of Tampa Publix

Marcus & Millichap has brokered the sale of a 64,031-square-foot net-leased Publix store at 8701 W. Hillsborough Ave. in Tampa, FL. The asset, built in 1977 on 6.29 acres, sold for $7.25 million which represented a 3.38-percent  cap rate. 

“It was a pleasure representing the sellers in the sale of their property that has been in their family for nearly a century. Once a piece of dirt, followed by an Albertsons ground lease in 1978, and now a Publix, this property has proven to be an extremely sought-after piece of real estate,” said Evan Cannan, senior associate.

Cannan and Reid Thedford, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor. Dean Zang, David Crotts, and Josh Ein of Marcus & Millichap’s Washington, D.C. office facilitated procuring the highest offer in the bidding process. 

Connect

Inside The Story

Marcus & Millichap

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

  • ◦Sale/Acquisition