{"id":55715,"date":"2025-11-21T18:15:17","date_gmt":"2025-11-21T18:15:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/55715\/"},"modified":"2025-11-21T18:15:17","modified_gmt":"2025-11-21T18:15:17","slug":"california-investor-buys-2-tampa-bay-properties-for-10m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/55715\/","title":{"rendered":"California investor buys 2 Tampa Bay properties for $10M"},"content":{"rendered":"

A California investor has purchased two Class A triple net properties<\/a> in Tampa and Lakewood Ranch for $10.08 million, according to Levin Johnston of Marcus & Millichap.<\/p>\n

The buyer sold vintage multifamily assets in Palo Alto and San Mateo and used the proceeds in a 1031 exchange to acquire newer, low-maintenance buildings with long-term corporate tenants.<\/p>\n

READ: Tampa a prime landing spot for companies fleeing high tax states<\/a><\/p>\n

What happened<\/p>\n

The investor bought an 11,569-square-foot Primrose School in Tampa and a 4,562-square-foot Monticciolo Dental clinic in Lakewood Ranch.<\/p>\n

Adam Levin, Executive Managing Director, said the move increased the buyer\u2019s cash flow by 40% and eliminated all management work, since both leases are absolute triple-net. Each lease includes annual rent increases.<\/p>\n

About the properties<\/p>\n

Tampa<\/p>\n

The Primrose School on Cross Creek Boulevard has 17 years left on its NNN lease. Levin said it is one of the strongest Primrose locations in the country.<\/p>\n

\"ExteriorPrimrose School\u2019s Tampa location, an 11,569-square-foot early education center, was acquired for $10.08M.<\/p>\n

Lakewood Ranch<\/p>\n

The Monticciolo Dental office on Town Center Parkway sits in a major shopping center. The tenant recently invested in new improvements, which Levin said shows long-term confidence in the site.<\/p>\n

\"FrontThe Monticciolo Dental office in Lakewood Ranch, a 4,562-square-foot Class A asset purchased in the same $10.08M portfolio deal.<\/p>\n

Why it matters<\/p>\n

Levin Johnston leadership said more West Coast investors are moving capital into Florida to gain access to newer assets, higher income and the benefit of an income tax-free state.<\/p>\n

READ: Tampa multifamily market outperforms Sun Belt in new Q3 report<\/a><\/p>\n

Tampa Bay\u2019s population grew 7% in the past five years. Lakewood Ranch remains one of the best-selling master planned communities in the nation. Both help support demand for high-quality NNN properties.<\/p>\n

Levin Johnston has now closed 73 transactions worth more than $400M in 2025.<\/p>\n

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Read More TBBW stories<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"A California investor has purchased two Class A triple net properties in Tampa and Lakewood Ranch for $10.08…\n","protected":false},"author":2,"featured_media":55716,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[14695,5752,34648,735,10063,34649,34650,34651,135,137,136,33150,34652],"class_list":["post-55715","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tampa","tag-1031-exchange","tag-commercial-real-estate","tag-dental-office","tag-investor","tag-lakewood-ranch","tag-marcus-and-millichap","tag-primrose-school","tag-property-acquisition","tag-tampa","tag-tampa-headlines","tag-tampa-news","tag-tbbws-top-stories","tag-triple-net-lease"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/55715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=55715"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/55715\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/55716"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=55715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=55715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=55715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}