{"id":1004325995,"date":"2019-05-22T22:21:23","date_gmt":"2019-05-23T06:21:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004325995"},"modified":"2025-02-27T23:59:26","modified_gmt":"2025-02-28T07:59:26","slug":"stan-johnson-facilitates-3m-sale-in-tampa-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stan-johnson-facilitates-3m-sale-in-tampa-area\/","title":{"rendered":"Stan Johnson Facilitates $3M Sale in Tampa Area"},"content":{"rendered":"
\"6921<\/a>

6921 14th St. W. Image courtesy of Stan Johnson Co.<\/em><\/p><\/div>\n

Paradise Ventures Inc.\/Paradise Development Group has sold a 9,276-square-foot retail property in Bradenton, Fla., for $3 million to a foreign investor. The sale closed at a cap rate of 7.25 percent, while the new owner took out a $2 million, 10-year loan from Interaudi Bank to finance the purchase, per public records. The asset previously traded in 2014 for $1.8 million.  <\/p>\n

Senior Director Joshua Pardue, Director James Ullrich, Associate Michael Macchia and Analyst Greg Macchia from Stan Johnson Co. worked on behalf of the seller in the transaction, while Marcus & Millichap Senior Associate Aaron O\u2019Connor represented the buyer.<\/p>\n

Located at 6921 14th St. W., the single-tenant building is leased to Tracker Boating Center. Completed in 1995 on a 3.2-acre site, the asset is close to both residential and retail properties and less than 3 miles of the Sarasota-Bradenton International Airport.  <\/p>\n

Recently, another Stan Johnson Co. team brokered the sale of an industrial property in Brookshire, Texas. The asset traded for $4.2 million<\/a> to a southern California buyer.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to deals@cpe-mhn.com<\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Joshua Pardue, James Ullrich, Michael Macchia and Greg Macchia represented the seller. The 9,276-square-foot retail asset in Bradenton, Fla., traded at a 7.25 percent cap rate. <\/p>\n","protected":false},"author":748,"featured_media":1004326001,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749],"tags":[34159,34836,32877],"class_list":["post-1004325995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","tag-joshua-pardue","tag-marcus-millichap","tag-stan-johnson-company"],"acf":[],"yoast_head":"\nStan Johnson Facilitates $3M Sale in Tampa Area - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/stan-johnson-facilitates-3m-sale-in-tampa-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stan Johnson Facilitates $3M Sale in Tampa Area\" \/>\n<meta property=\"og:description\" content=\"Joshua Pardue, James Ullrich, Michael Macchia and Greg Macchia represented the seller. 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