- March 28, 2024
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PALM HARBOR — Tampa-based RMC Property Group purchased a 60,000-square-foot retail building at 33650 U.S. 19 N., Palm Harbor for $6.75 million.
The price equated to $112 per square foot. That figure is less than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.
The building was constructed in 1997 and occupies a 7.39-acre site. It is fully leased to Office Depot.
“We are excited by the long-term potential of the center given its location and U.S. Highway 19 exposure,” Bobby Eggleston, chief real estate officer and chief financial officer for RMC, says in a press release.
RMC Real Estate Services leases and manages more than 8 million square feet of commercial real estate space in Florida. Its portfolio includes retail, office, industrial and raw land. Best known for its retail properties, the company has developed more than 140 freestanding drugstores, developed or redeveloped more than 25 Publix-anchored shopping centers, and renovated and redeveloped several other retail and mixed-use properties over the past 15 years.