Recent Commercial Real Estate Transactions in Florida

Explore the landscape of Florida’s commercial real estate market as we delve into significant recent transactions across various counties. From medical office buildings to expansive golf courses, this article highlights crucial acquisitions and provides valuable insights into market trends.

Charlotte County Transactions

Charlotte County showcases noteworthy commercial property dealings, including:

• 517 Tamiami Trail, Punta Gorda

  • Buyer: 517 Tamiami Trail LLC
  • Seller: Bimmel LLC
  • Property Type: Medical office building
  • Price: $2,097,000
• 590 Tamiami Trail, Port Charlotte
  • Buyer: Mark A. Radcliffe
  • Seller: North Port Cumberland Inc.
  • Property Type: Retail store
  • Price: $1,185,000
  • Previous Price: $340,000 (November 2013)

These transactions illustrate a diverse range of property types, accommodating both healthcare and retail sectors.

Collier County Highlights

In Collier County, premium real estate transactions exemplify investment in high-value assets:

• 8835 Vanderbilt Beach Road, Naples

  • Buyer: Concert Everglades LLC
  • Seller: GC of the Everglades LLC
  • Property Type: Golf course
  • Price: $17,150,000

• Vacant Land in Naples

  • Buyer: Lennar Homes LLC
  • Seller: KLLB AIV LLC
  • Price: $4,352,900
• 3431 Pine Ridge Road, Naples
  • Buyer: KAB Real Property Holdings LLC
  • Seller: Parrimoor Developments LLC
  • Property Type: Commercial condominium
  • Price: $1,632,907

Collier County continues to attract significant investment, particularly in recreational and residential developments.

Hillsborough County Overview

Recent transactions in Hillsborough County demonstrate robust investments in land and agricultural properties:

• Wimauma Agricultural Land

  • Buyer: CW-Berry Bay LLC
  • Seller: 301 Wimauma LLC
  • Price: $32,344,300

• 5003 Dover St., Tampa

  • Buyer: Balcones Recycling Inc.
  • Seller: American XVII LLC
  • Property Type: Vacant commercial land
  • Price: $10,800,000
• Princess Palm Ave., Tampa
  • Buyer: Two Palms Property Owner LLC
  • Seller: Citigroup Technology Inc.
  • Property Type: Vacant commercial land
  • Price: $8,000,000

These investments showcase the county’s appeal in both commercial and agricultural sectors, aligning with the growing demand for diverse land usage.

Lee County Significant Sales

Lee County’s real estate market is witnessing significant acquisitions:

• 4003 Palm Tree Blvd., Cape Coral

  • Buyer: City of Cape Coral
  • Seller: Florida Gulf Venture LLC
  • Property Type: Park
  • Price: $10,400,000
  • Previous Price: $4,000,000 (February 2006)

• 245 Nichols Parkway W., Cape Coral

  • Buyer: Driven Brands Inc.
  • Seller: Boing US Holdco Inc.
  • Property Type: Warehouse
  • Price: $4,400,000
• 14251 Alico Road, Fort Myers
  • Buyer: Lee County Florida
  • Seller: Florida Rock Industries Inc.
  • Property Type: Vacant commercial land
  • Price: $4,000,000

The county is strategically positioning itself for growth in industrial and public spaces.

Manatee County Developments

In Manatee County, significant real estate transactions include:

• 2322 Whitfield Industrial Way, Sarasota

  • Buyer: GForce Media LLC
  • Seller: Mountain Manor Inc.
  • Property Type: Warehouse
  • Price: $7,000,000
• Vacant Land in Bradenton
  • Buyer: ONIFLO 2 LLC
  • Seller: DWF Realty LLC
  • Price: $1,200,000

Highlighting the appeal of industrial properties, these transactions indicate a healthy demand for warehouse spaces.

Pasco County Land Acquisitions

Pasco County is seeing exciting developments, particularly in land acquisitions:

• Land O Lakes Vacant Land
  • Buyer: D.R. Horton Inc.
  • Seller: SK Deerbrook LLC
  • Price: $6,358,800

This trend of investing in vacant land could suggest upcoming residential or commercial projects.

Pinellas County Transactions

Pinellas County has wrapped up some notable commercial transactions:

• 3300 Fairfield Ave. S., St. Petersburg

  • Buyer: Mirror Lake Reflection LLC
  • Seller: Wilkes 4th Street Investment LLC
  • Property Type: Warehouse
  • Price: $6,182,000
  • Previous Price: $4,088,000 (February 2023)
• 12602 49th St. N., Pinellas Park
  • Buyer: Investment Stars LLC
  • Seller: Caracara LLC
  • Property Type: Convenience store
  • Price: $4,600,000

Such high-value properties showcase the region’s evolving commercial landscape.

Polk County Real Estate Insights

Polk County also boasts impressive transactions in medical and land sectors:

• 7450 Cypress Gardens Blvd., Winter Haven

  • Buyer: PGP Winter Haven 1 LLC
  • Seller: Winter Haven Medical Properties LP
  • Property Type: Medical office building
  • Price: $10,300,000
  • Previous Price: $8,500,000 (January 2015)
• Lakeland Vacant Land
  • Buyer: Lennar Homes LLC
  • Seller: Campbell Estates of Lakeland LLC
  • Price: $5,510,000

The health and development sector seem to be thriving in Polk County.

Sarasota County Transactions

Lastly, Sarasota County has witnessed significant acquisitions:

• 9665 State Road 72, Sarasota

  • Buyer: Sarasota County
  • Seller: Albritton Groves Ltd.
  • Property Type: Citrus groves
  • Price: $19,000,000
• 930 N. Beneva Road, Sarasota
  • Buyer: HP Capital Group 4 LLC
  • Seller: EB-5 Charter School – Phase 6 (Sarasota) LP
  • Property Type: Vacant commercial land
  • Price: $4,200,000

These transactions indicate a strong interest in both agricultural and commercial land within the county.

Conclusion

The recent trends in Florida’s commercial real estate market reflect a burgeoning interest across various sectors—from healthcare and retail to agriculture and vacant land. With these investments signaling continued growth, stakeholders are keen to monitor the market for further opportunities. For more insights, visit Florida Real Estate Market Trends and stay updated on the latest developments.