Camden Central Retail_Property for Sale
Camden Central Retail_Property for Sale
801 Central Ave, St. Petersburg, FL

Camden Central Retail

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to present the opportunity to acquire Camden Central Retail, a 32,542 square foot multi-tenant retail condominium located along Central Avenue and Dr. Martin Luther King Street in downtown St. Petersburg. The Property offers space on 3 hard corners and nearly 300 feet of frontage along Central Avenue, at the heart of St. Petersburg’s primary urban corridor. 


Built in 2021, the Property is currently 87.4% leased to seven tenants, including Watts Dental, Fit2Run, BodyRok, and J. Fiore’s Steakhouse. The Property has 50 exclusive parking spaces in the interior garage and presents an investor with stable long-term cash flow (7.8 years WALT) as well as a value-add opportunity, due to the below market rents and remaining vacancy.

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Attributes

Building area net
3,023 sm
Occupancy
87.4%
Year built
2021
WALT
7.8 years
Parking spaces
50

Media

Investment highlights

  • STABLE CASH FLOW
  • FUTURE NOI GROWTH
  • PRIME INFILL LOCATION
  • INSTITUTIONAL QUALITY NEW CONTSTRUCTION
  • 78.5% OF GLA LOCATED ON HARD CORNERS
  • 2-BLOCKS FROM $6.5B PLANNED REDEVELOPMENT
  • THRIVING ST. PETERSBURG MARKET
Camden Central Retail 4_Property for Sale
Camden Central Retail 4_Property for Sale

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Camden Central Retail (0 Properties)

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Last updated
Feb 20, 2025