Central Plaza Shopping Center

Saglo has purchased Central Plaza Shopping Center located on the corner of Central Avenue and 34th Street in the densely populated city of St. Petersburg, FL. The property is anchored by a Goodwill Superstore and Family Dollar and currently has 1 vacancy of 6,000 SF. The tenant mix is comprised of 99% national companies that have been there for decades and draw a large amount of customer traffic. The Purchase Price was $7,265,000, a loan was consisting of 65% of the price was placed on the property with Seacoast National Bank.