$6,790,000 Acquisition Loan Secured for Retail Property in Seffner, FL
May 28, 2026 Bank
Deal Summary
ServisFirst Bank recorded a $6,790,000 mortgage on an 80,000 square foot shopping center at 707 West Dr Martin Luther King Jr Boulevard in Seffner. The loan was executed May 28, 2026 and recorded May 29, 2026 in Hillsborough County under document 205589 (APN 064277-0200), with a 5 year term. County records list the owner as North Grove Center Llc.
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Transaction Details
- Closing Date
- May 28, 2026
- Loan Amount
- $6,790,000
- Loan Type
- Bank
- Loan Purpose
- Acquisition
- Capital Type
- Senior Debt
- Asset Type
- Retail
- Source
- County record
Property
- Address
- 707 W Dr Martin Luther King Jr Blvd
- City, State
- Seffner, FL
- Market
- Tampa
Property Facts
- Building Size
- 80,038 sq ft
- Lot Size
- 392,441 sq ft (9.01 ac)
- Year Built
- 1979
- Year Renovated
- 1999
- Stories
- 1
- Buildings
- 1
- Zoning
- CG
- Subtype
- Shopping Center
- Units
- 1
- Floor Area Ratio
- 0.20
Sale History
Last sold for $9,700,000 on May 28, 2026. Prior owner ISRAM NORTH GROVE LLC (business entity).
Prior Financing
| Recorded | Lender | Amount | Instrument | Type |
|---|---|---|---|---|
| May 29, 2026 | SERVISFIRST BK | $6,790,000 | Mortgage | CONVENTIONAL |
| Oct 10, 2019 | FLORIDA CMNTY BK NA | $4,718,000 | Modification Of Mortgage | CONVENTIONAL |
| Dec 3, 2012 | ING USA ANNUITY & LIFE INS CO | $2,200,000 | Modification Of Mortgage | CONVENTIONAL |
| May 18, 2009 | INTERVEST NAT'L BK | $1,500,000 | Mortgage | CONVENTIONAL |
Recorded mortgage history from county records. Amounts are original recorded principal, not current balances.
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Transaction details are compiled from public announcements, press releases, industry reporting, or information submitted by parties to the transaction, and have not been independently verified by LoanList CRE. Terms shown may be approximate. Nothing on this page constitutes a quote, offer, or guarantee of financing terms. Full disclaimer.