SRS’ Investment Properties Group (IPG) exclusively marketed and brokered the sale of Dunedin Retail Shops in Dunedin, Fla. The center consists of 7,200 square feet situated on 1.19 acres of land. It is 100 percent occupied by tenants such as Starbucks, Verizon Wireless, Jersey Mike’s and Sun Country Cleaners. The property is located at 1785 Main Street with a traffic count exceeding 44,500 vehicles daily. The center is positioned near the intersection of Main Street and Virginia Street in Dunedin, Fla., which is a thriving Tampa sub-market. The seller, HB Retail Dunedin, LLC, sold the property for $3,725,000 on November 14, 2017 to Dunedin Ventures LLC, a private investment group.
SRS IPG executed a high-exposure marketing strategy after taking over the listing, which had been on the market for a year and had recently fallen out of a 45 day contract. Upon being brought in to market the property, SRS went to work, touching each and every active retail buyer, and generating six quality offers in the first four weeks before selecting the eventual purchaser. “This asset sold quickly because of SRS’ unique access to quality buyers along with our ability to match them with the right properties.” said Kevin Yaryan, senior vice president of SRS’ Investment Properties Group.
Kevin Yaryan, senior vice president of SRS’ Investment Properties Group in the Orlando office represented the seller and the buyer as transaction broker.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 20 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services and investment services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit www.srsre.com.