MAIN STREET & MAIN announces the completed sale of 11608 N. Florida Avenue in Tampa Florida for $2,163,000. "This was an interesting 2-part transaction" said Chris DiNeno, Principal of Main Street and Main. "When we first took the listing the property was vacant. The Seller previously operated the property as Saab of Tampa but was forced to shut it down during the recent recession when Saab discontinued manufacturing new cars. Our first choice for the new listing was to find a new car dealership to purchase it. However, that approach was unsuccessful because all the mainstream automotive manufacturers already had dealerships in the immediate marketplace. So the next step was to stabilize the property by finding a quality Tenant. 90 days later we secured a long-term Lease with Hertz. That was a HUGE victory and made it easy for us to then sell the property as an income producing property to an investor". The transaction was co-brokered with Anne Park of Coldwell Banker.
Main Street & Main is a division of The EnterDine Group, LLC.
