Recent Commercial Property Transactions in Florida: A Comprehensive Overview

As the Florida real estate market continues to thrive, several significant commercial property transactions have taken place across pivotal counties. This article outlines the latest deals, highlighting key details such as buyers, sellers, property types, and prices.

Charlotte County Highlights

Major Sales

• 6800 Taylor Road, Punta Gorda

  • Buyer: F4 Punta Gorda LLC
  • Seller: Taylor Prime Properties LLC
  • Property Type: Vacant commercial land
  • Price: $2.6 million
• Punta Gorda (Exact Address Unspecified)
  • Buyer: William Ryan Homes Florida Inc.
  • Seller: Land Holdings WABA LLC
  • Property Type: Vacant land
  • Price: $1.89 million

Collier County Developments

Property Transactions

• Naples (Exact Address Unspecified)
  • Buyer: Calusa Pines Landscape and Hardscape LLC
  • Seller: KMB Holdings LLC
  • Property Type: Vacant land
  • Price: $1.9 million

Hillsborough County Insights

Notable Deals

• 1426 Marathon Key Drive, Tampa

  • Buyer: Azure East Owner LLC
  • Seller: Laurel Chase Apartments LLC
  • Property Type: Apartment units
  • Price: $11.23 million
  • Previous Price: $10.55 million (November 2019)
• 1721 Brandon Main St., Brandon
  • Buyer: FEF 1721 Brandon Holdings LLC
  • Seller: FM Brandon FL Landlord LLC
  • Property Type: Medical office building
  • Price: $9.23 million
  • Previous Price: $5.15 million (September 2022)

Lee County Transactions

Noteworthy Acquisitions

• 15800 Beachwalk Blvd., Fort Myers

  • Buyer: Keystone Beachwalk LLC
  • Seller: Beachwalk One LLC
  • Property Type: Assisted living facility
  • Price: $12 million
  • Previous Price: $2.7 million (January 2016)
• 7205 Cypress Drive, Fort Myers
  • Buyer: Gator 25 LLC
  • Seller: 7205 Cypress Dr FL LLC
  • Property Type: Assisted living facility
  • Price: $10.00 million

Manatee County Sales

Land and Building Transactions

• Parrish (Exact Address Unspecified)

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  • Buyer: D.R. Horton Inc.
  • Seller: JSH Buckeye Road Development LLC
  • Property Type: Vacant land
  • Price: $11.11 million
• 6925 28th Street Circle E., Sarasota
  • Buyer: DJD Real Estate Holdings LLC
  • Seller: USA Real Estate Holding Inc.
  • Property Type: Vacant industrial land
  • Price: $3.7 million
  • Previous Price: $1.35 million (November 2021)

Pasco County Investments

Recent Purchases

• Land O Lakes (Exact Address Unspecified)

  • Buyer: TPG AG EHC III (LEN) Multi State 1 LLC
  • Seller: LEN-Angeline LLC
  • Property Type: Vacant land
  • Price: $24.22 million
• Spring Hill (Exact Address Unspecified)
  • Buyer: Serenova Residences LLC
  • Seller: The Serenova LLC
  • Property Type: Vacant land
  • Price: $5 million
  • Previous Price: $3.72 million (April 2023)

Pinellas County Transactions

Key Property Sales

• 411 Cleveland St., Clearwater

  • Buyer: CBW Management LLC
  • Seller: One Stoppe Shoppe Inc.
  • Property Type: Retail store
  • Price: $3.01 million
  • Previous Price: $210,000 (May 2004)
• 32050 US Highway 19 N., Palm Harbor
  • Buyer: 32050 US Hwy Palm Harbor LLC
  • Seller: 32050 US Highway 19 LLC
  • Property Type: Office building
  • Price: $2.85 million
  • Previous Price: $3 million (September 2023)

Polk County Overview

Recent Acquisitions

• Lake Wales (Exact Address Unspecified)

  • Buyer: D.R. Horton Inc.
  • Seller: ERPC Peace Creek LLC
  • Property Type: Vacant land
  • Price: $11.48 million
• County Road 540 A E, Lakeland
  • Buyer: SP Ridge Apartments LLC
  • Seller: PB&J Partners LLC
  • Property Type: Vacant land
  • Price: $3.4 million
  • Previous Price: $850,000 (April 2022)

Sarasota County Highlights

Significant Transactions

• 1400 Pine Warbler Place, Sarasota

  • Buyer: CH Realty X-Penier MF Sarasota Botanic Waterside LLC
  • Seller: 1450 Pine Warbler Owner LLC
  • Property Type: Multifamily units
  • Price: $81.8 million
• 1765 Morrill St., Sarasota
  • Buyer: Sicilian-C-Men LLC
  • Seller: Devin Rutkowski and Marian Rutkowski
  • Property Type: School
  • Price: $2.29 million
  • Previous Price: $125,000 (November 1994)

These transactions illustrate the dynamic nature of the Florida commercial real estate market, emphasizing the growing interest in multifamily units, assisted living facilities, and vacant land. Investors and buyers alike are keenly pursuing opportunities to capitalize on the expanding markets within this vibrant state. For more detailed information on commercial real estate investments, visit Zillow or Realtor.com.