Michigan's Alidade Capital buys MiraBay Village, land

BUYER: Alidade Mirabay LLC (Alidade Capital LLC), Bloomfield Hills, Mich.
SELLER: NW Mira Bay LLC
PROPERTY: 106 Harbor Village Lane, 148 Leisey Road and portions of U.S. 41 and Golf and Sea Boulevard, Apollo Beach
PRICE: $12.25 million
PREVIOUS PRICE: $8.58 million, December 2011
LAW FIRM ON DEED: Lowndes Drosdick Doster Kantor & Reed PA, Orlando

PLANS, DESCRIPTION:
Bloomfield Hills, Mich.-based real estate private equity fund Alidade Capital LLC purchased the 93,985-square-foot MiraBay Village retail center and an adjacent 9.79-acre development site for $12.25 million.
The price equated to $130 per square foot for just the retail space. That figure is less than the two-year average price per square foot for retail space ($138) in the Tampa Bay area, according to the CoStar Group.

Anchored by a Winn-Dixie supermarket, the 6-year-old center and its four outparcels also house H&R Block, Keller Williams Realty, the Apollo Beach Chamber of Commerce, Kimi's Ice Cream and Asian Buffet. The center was 75% occupied at the time of the sale.