{"id":1004156563,"date":"2016-10-24T06:18:05","date_gmt":"2016-10-24T14:18:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004156563"},"modified":"2020-05-19T09:37:03","modified_gmt":"2020-05-19T17:37:03","slug":"calkain-cos-closes-the-sale-of-two-tenant-strip-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/calkain-cos-closes-the-sale-of-two-tenant-strip-center\/","title":{"rendered":"Calkain Closes Sale of Florida Strip Center"},"content":{"rendered":"<p><em>by Gabriel Culcsar<\/em><\/p>\n<div id=\"attachment_1004156564\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/Sleep-Number-St-Petersburg-FL-web.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004156564\" data-attachment-id=\"1004156564\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/calkain-cos-closes-the-sale-of-two-tenant-strip-center\/sleep-number-st-petersburg-fl-web\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/Sleep-Number-St-Petersburg-FL-web.jpg\" data-orig-size=\"900,500\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.2&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 6&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1466091968&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.15&quot;,&quot;iso&quot;:&quot;32&quot;,&quot;shutter_speed&quot;:&quot;0.00055555555555556&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Strip Center, St. Petersburg, Florida\" data-image-description=\"&lt;p&gt;Strip Center, St. Petersburg, Florida&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Strip Center, St. Petersburg, Florida&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/Sleep-Number-St-Petersburg-FL-web.jpg?w=900\" class=\"size-medium wp-image-1004156564\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/Sleep-Number-St-Petersburg-FL-web.jpg\" alt=\"Strip Center, St. Petersburg, Florida\" width=\"300\" height=\"167\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/Sleep-Number-St-Petersburg-FL-web.jpg 900w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/Sleep-Number-St-Petersburg-FL-web.jpg?resize=300,167 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/10\/Sleep-Number-St-Petersburg-FL-web.jpg?resize=768,427 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004156564\" class=\"wp-caption-text\">Strip Center, St. Petersburg, Florida<\/p><\/div>\n<p><strong>St. Petersburg, Fla.<\/strong>\u2014<a href=\"https:\/\/calkain.com\" rel=\"nofollow\" target=\"_blank\">Calkain Cos.<\/a> announced it has brokered the sale of a two-tenant strip center in St. Petersburg, Fla. The asset sold for $3.9 million, representing a 6.01 percent cap rate.<\/p>\n<p>Built in 2016, the property features new 10-year leases with Sleep Number and BayCare Urgent Care as well as a Wells Fargo ATM, and offers excellent visibility on a main thoroughfare.<\/p>\n<p>\u201cConsidering the location, this was one of the higher yielding assets due to the multi-tenant structure and investors quickly took notice,\u201d said Patrick Nutt, managing partner at Calkain, in prepared remarks.<\/p>\n<p>All of the tenants are strong,\u201d added Doug Aronson, director at Calkain and the co-listing broker. \u201cSleep Number has 450 units across the country, while BayCare and Wells Fargo have top investment grade credit.\u201d<\/p>\n<p><em>Image courtesy of Calkain Cos.<\/em><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property features new 10-year leases and a Wells Fargo ATM.<\/p>\n","protected":false},"author":1065,"featured_media":1004156564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21749,1612],"tags":[],"class_list":["post-1004156563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-retail","category-tampa"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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