Overview

Wasserman Investments is pleased to present a rare opportunity to acquire a 135,286-square-foot, Culver Plaza situated in the heart of Tampa, FL. The asset benefits from a strong established grocery anchor with a low rent-to-sales ratio, complemented by a well-balanced mix of daily-needs, apparel and restaurant tenants.

Current ownership has invested $1.6 million in a façade renovation to enhance the center’s image, which has resulted in the signing of new tenants as well as interest from existing tenants to renew and expand, including Whole Foods, demonstrating the strength of the center and desirability of the location. Occupancy stands at approximately 75%, providing immediate opportunity for a new investor to lease up remaining vacancy to add value.

Investment Highlights