Reaves Capital Group specializes in Real Estate Management & Investment with operations in both Tampa and Los Angeles. We are excited to present an equity investment opportunity, into Palma Ceia Plaza, a 9,710 SF, fully NNN leased, cash flowing commercial property located in the South Tampa Submarket of Tampa, FL.
The Property is located in a highly walkable area of Tampa, FL, known for its vibrant retail environment. The surrounding area features a mix of residential and commercial properties, contributing to high foot traffic and strong demand for retail space.
The business plan includes maintaining high occupancy and moving rents to market levels through light physical and operational improvements. Planned enhancements include superior landscaping, repainting, improved signage, and modernizing the exterior facades.
The requested equity Investment will support the continued professional operation and value-add strategy for Palma Ceia Plaza, ensuring its position as a premier retail destination in South Tampa, FL.
Target Performance:
Target Cash on Cash: 8%
Target Investor IRR: 20.3%
Target equity Multiple: 2.3x
Link to Offering:
https://investors.appfolioim.com/reavescapital/investor/public_opportunities/34?token=publicRegards,
Candice Aviles
Investor Relations
Reaves Capital Group