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Florida & Gulf Coast  + Central Florida  + Retail  |  January 4, 2021
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By: David Cohen

Wesley Chapel Retail Property Trades for $5M

Marcus & Millichap has brokered the $5.2 million sale of Scherer Center, an 8,050-square-foot retail property in Wesley Chapel, FL.

Scherer Center is located at 28385 FL-54 and features Class A construction with three national tenants including AT&T, Dunkin and Heartland Dental. The property is sees an average daily traffic count of more than 50,000 cars per day. The seller, private real estate investment firm Scherer Development, designed, leased and built the project.

Jim Shiebler, James Garner, James Medefind and Evan Cannan of Marcus & Millichap’s Tampa office represented Scherer Development in the sale. The buyer, a partnership, was secured and represented by Jonathan Weir of Marcus & Millichap’s South Bay office.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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