NAI Realvest Negotiates $3 Million Sale of 60 Acres in Fast-Growing Disney Four Corners Area – Buyer
Osceola County -- NAI Realvest recently completed an assemblage of 60 acres of development land in the high-growth U.S. Hwy 27 / 192 Disney Four Corners Area and negotiated sales of both parcels at $3,000,000 total or $50,000 per acre.
Jason G. Toll, director of industrial services at NAI Realvest, said he negotiated both transactions representing separate sellers of two parcels with future land use designations of “tourist community.” Located just east of U.S. 27 within a mecca for vacation homes, villas and golf courses, the property will front the new Westside Blvd. Extension immediately north of ChampionsGate.
The buyer, Eli Steinhardt, principal in a Skokie, Ill.-based construction firm, plans to develop a community of short-term rental vacation homes.
The transaction included 40 acres near the northeast corner of Bella Citta and Barry Roads sold by Hojosaki, LLC of Newton, MA. for $2,000,000, and 20 acres sold by Mel-Mic, Inc. of Clermont, Fla. for $1,000,000.
Toll said he listed the 40 acres then he approached the owner of the adjacent 20 acres to have a larger combined offering. The parcels were under contract with a developer who withdrew several months into due diligence before Steinhardt was approached.
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About NAI Realvest:
NAI Realvest, serving all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.