Palm Garden Shopping Center – Largo, FL

Palm Garden Shopping Center – Largo, FL

Palm Garden Shopping Center – Largo, FL
11630-11660 Oakhurst Road
Largo, FL 33774

$1,500,000

Cap Rate 7.93%
Gross Leasable Area (GLA) 11,984 Sq.Ft.
Price Per Square Foot (GLA) $125
Year Built 1968/1993
Lot Size 65,340 Sq.Ft.
  • Majority of Tenant on Triple-Net Leases
  • Surrounded by Numerous National Retail Tenants
  • Fully Renovated in 1993
  • 11,984-Square Foot GLA
  • Over 147,000 People in The Market Area
  • Situated on a Signalized Intersection
  • 20 Minutes from Tampa Bay
  • Over 22,000 Vehicles Daily
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Palm Garden Shopping Center – Largo, FL (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to offer the Palm Garden Shopping Center located at the southwest corner of Walsingham Road and Indian Rocks Road, both major retail corridors in Largo, Florida. The plaza is adjacent to a highly visible Walgreen’s and Wendy’s in a newly redeveloped retail neighborhood center. This multi-tenant strip center, which is 90 percent occupied, sits on over 65,000 square feet of land and 11,984 GLA.

Largo is located on the west coast of Florida and is the third largest city in Pinellas County, which is just 20 minutes away from the Tampa Bay area home to Florida’s largest port and consistently ranks among the top 10 ports nationwide.

For More Information, Please Contact:

James Medefind

First Vice President Investments
813-387-4788
james.Medefind@marcusmillichap.com