Buyers & Sellers
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Buyers & Sellers


Grubb & Ellis has the listing to sell a 6 000 sq.ft. building in Delray Beach FL. The site is situated on 10 000 sq.ft. located just off U.S. Route 1 on Northeast First Avenue adjacent to a free city parking lot. The asking price is $950 000. The site is zoned central business district. The company also has the listing to sell a 7 000 sq.ft. restaurant site adjacent to the Sawgrass Mall in Sunrise FL. The two-acre site offers frontage on Sunrise Boulevard and area restaurants include TGI Fridays Chilis Applebees Cheesecake Factory Hard Rock Cafe Wolfgang Pucks Cafe Italian Terrace Bistro and Rainforest Cafe. The site offers access to Interstates 595 and 75 and the asking price is $1.65 million. The company has the listing to sell a 0.81-acre parcel at the entrance to the Mainlands subdivision in Pinellas Park FL. The site is located at the signalized intersection of U.S. Route 19 and Mainlands Boulevard one mile north of Parkside Mall and has an average daily traffic count of 63 000 cars. The company has the listing to sell a 28 600 sq.ft. multi-plex theater in Lauderhill FL. The site is located adjacent to a SuperTarget on West Commercial Boulevard near its intersection with University Boulevard. The building is situated on 6.22 acres and has an asking price of $3.9 million. The company has the listing to sell a 1.93-acre parcel with 285 feet of frontage along U.S. Route 1 in North Palm Beach FL. The site is located just north of Northlake Boulevard and has an asking price of $1.2 million. The company is also listing a 31 990 sq.ft. outparcel located at the intersection of Lantana and Jog Roads in Lantana FL. The site has an average daily traffic count of 64 345 cars.The company also has the listing to sell the 6 794 sq.ft. former Flooring America location at the entrance to Seminole Mall in Seminole FL. The 1.42-acre site is located at the intersection of Seminole Boulevard and Johnson Road with an average daily traffic count of 35 000 cars. The asking price is $1.275 million.

For more information on the Delray Beach Sunrise Lauderhill North Palm Beach or Lantana properties contact Michael Wilson or Russ Bornstein Grubb & Ellis 2385 Executive Center Drive Suite 150 Boca Raton FL 33431; 561-995-5150 Fax 561-995-2290. For more information on the Orlando property contact Linda Carrick-Warfield Grubb & Ellis 315 East Robinson Street Suite 555 Orlando FL 32801; 407-423-1200 Fax 407-841-0002. For more information on the Pinellas Park or Seminole sites contact Lill Hanson Grubb & Ellis 3030 North Rocky Park Drive West Suite 560 Tampa FL 33607; 813-639-1111 Fax 813-639-1919; Web site: www.grubb-ellis.com.

 

Coldwell Banker Commercial-McFadden & Sprowls has the listing to sell a 3.63-acre parcel in Bonita Springs FL. The commercial planned development site is divided into two portions. The rear 2.6 acre part has an asking price of $1 005 000 and the front 1.03-acre parcel has an asking price of $495 600. Sewer and water is available on-site and cash to new loan terms are preferred. The company also has the listing to sell a center situated on 6.5 acres in Lehigh Acres FL. The project is located on Taylor Lane and includes a 14 000 sq.ft. four-screen theater a hotel site a site for an 8 000 sq.ft. retail building and a partially constructed 28 000 sq.ft. night club with a tenant secured. All utilities are available and cash to new loan terms are preferred. The asking price is $3.5 million.

For more information contact Fred Kermani Coldwell Banker Commercial-McFadden & Sprowls 3701 Tamiami Trail North Naples FL 34103; 800-767-2998 ext. 118 Fax 941-261-0037; Email: fkermani@ccim.net.

 

Marcus & Millichap has the listing to sell the 55 300 sq.ft. Market Shops at Sandestin in Destin FL. The center is located on 8.32 acres adjacent to the 2 500-acre Sandestin Golf and Beach Resort and is anchored by Thomas Kinkaid Gallery Birkenstock Jennifer Blains Fanucchi’s Sally Huss Candy Zoo Gallery and Kitchenique. The asking price is $13.54 million with a down payment of $3.385 million offering a 10.10% cash on cash return. Financing is available at 75% LTV at a 7.5% fixed-rate with a 10-year term amortized over 30 years. The company also has the listing to sell a 30 520 sq.ft. two-tenant building in Royal Palm Beach FL. The building is located on 3.19 acres located near the intersection of Routes 80 and 7 and is tenanted by Office Depot and Mattress Giant. The asking price is $5.05 million with a down payment of $1.5 million offering an 8.87% cash on cash return. Financing is available at a rate of 230 bps over the 10-year Treasury with a 10-year call amortized over 30 years and available up to 75% LTV. Office Depot has a 15-year lease with three five year options with 15% bumps. Mattress Giant has a five-year lease with 3% annual rent increases. The company is also listing the sale of two NNN-leased Ruby Tuesday’s locations in Orlando and Port St. Lucie FL. Both units have a 20-year lease with 10% rent bumps every five years. The Orlando FL location is an outparcel to an Albertson’s and Home Depot with an average daily traffic count of 28 000 cars and an asking price of $1 920 256 at an 8.6% CAP rate. The Port St. Lucie unit is located adjacent to the spring training home of the New York Mets just off Interstate 95. Area retail includes Big Kmart and Publix and the site has an asking price of $1 915 796 at a 8.6% CAP rate. The company has the listing to sell a NNN-leased 19 050 sq.ft. building in Brooksville FL. The Tractor Supply Company has a non-cancelable lease on the multi-use property that commences in February 2002. The asking price is $1 805 263 with a down payment of $361 053 offering an 11.24% cash on cash return. Financing is available up to 80% LTV at a fixed rate of 7.75% for a 10-year term amortized over 25 years. The company has listing to sell a 13 905 sq.ft. Walgreen’s location in Oakland Park FL. The site has a 20-year NNN lease and is located at the intersection of 21st Street Northwest and Oakland Park Boulevard. The asking price is $3 130 000 at a 8.4% CAP rate and is an all cash transaction. The structure was built in 2000. The company also has the listing to sell a 23 500 sq.ft. Office Max location in Titusville FL. The tenant has a 15-year NN lease that commenced in June 1999. The asking price is $2 731 000 with a $783 322 down payment offering an 8.39% cash on cash return. Assumable financing is available at a 7.25% rate with a 15-year call amortized over 25 years. The price is offered at a 9.25% CAP rate.

For more information on the Destin property contact Marcus & Millichap 110 Southeast 6th Street Suite 2450 Fort Lauderdale FL 33301; 954-463-2400 Fax 954-463-9222. For the Royal Palm Beach property or the Ruby Tuesday locations contact Marcus & Millichap 600 Northpark Town Center Suite 650 1200 Abernathy Road Northeast Atlanta GA 30328; 770-393-1700 Fax 770-393-1738. For the Brooksville property contact Marcus & Millichap 225 East Robinson Street Suite 525 Orlando FL 32801; 407-999-9597 Fax 407-999-9782. For the Walgreen’s property contact Marcus & Millichap 750 Battery Street Fifth Street San Francisco CA 94111; 415-391-9220 Fax 415-398-4913. For information on the Titusville property contact Marcus & Millichap Key Center 601 108th Avenue Suite 110 Bellevue WA 98004; 425-453-8330 Fax 425-455-9123; Web site: www.marcusmillichap.com.

 

The Sembler Company is marketing a .99-acre outparcel at the 59 966 sq.ft. Deltona Landings in Deltona FL. The site is located at the intersection of Doyle/Debary Road and Providence Boulevard. The center is anchored by Publix Supermarket and Blockbuster Video.

For more information contact The Sembler Company 5858 Central Avenue P.O. Box 41847 St. Petersburg FL 33743-1847; 727-384-6000 Fax 727-343-4272; Web site: www.sembler.com.

 

Centennial American Properties LLC has the listing to sell five outparcels at the Palm Coast Center in Palm Coast FL. The center is anchored by Home Depot and is located just off Interstate 95 on Palm Coast Highway. Two parcels of 3.77 acres and 2.57 acres have frontage on Boulder Rock Drive and parcels of 1.38 acres and 0.94 acres front Palm Coast Highway. The available parcel measuring 4.55 acres is visible along Interstate 95.

For more information contact Centennial American Properties LLC P.O. Box 10588 131 Falls Street Suite 100 Greenville SC 29601; 864-271-3894 Fax 864-242-5498; Web site: www.caplc.com.

 

Grubb & Ellis-Phoenix Property Group has the listing to sell a 1.1-acre outparcel at Stonewood Grill Shopping Center in Jacksonville FL. The center is located at the intersection of San Jose Boulevard and Baymeadows Road and anchored by Walgreens and Stonewood Grill. The parcel overlooks Goodby’s Creek and is located behind the Stonewood Grill. The asking price is $800 000. Area demographics include a population of 44 254 residing in three-mile radius earning an average annual household income of $68 815. The company also has the listing to sell a 10-acre parcel located at the intersection of Interstate 295 and Pritchard Road in Jacksonville FL. The land is an outparcel of Perimeter West Industrial Park and has an average daily traffic count of 64 000 cars. The parcel is divisible. The company also has the listing to sell a 5.14-acre parcel located at the intersection of Beach Boulevard and Huffman Road in Jacksonville FL. The site has a preliminary approval for a 46 550 sq.ft. retail center.

For more information contact Steve Tool Grubb & Ellis-Phoenix Property Group 1301 Riverplace Boulevard Suite 2330 Jacksonville FL 32207; 904-399-5222 Fax 904-399-0330; Web site: www.phoenixrealty.net.

 

DeBartolo Property Group LLC is selling parcels of 35.64 acres 4.6 acres and 3.5 acres near the Lakeland Square Business Park in Lakeland FL. The sites are located along Interstate 4 bordered by Old Combee Road and State Route 33. The sites have proximity to Lake Gibson and Wedgewood Country Club. Area retail includes Lakeland Square Mall. The company is also selling a 1.6-acre outparcel at the Grove at Lakeland Square in Lakeland FL. The site has frontage on Sleepy Hill Road and area retailers include Barnes & Noble Chili’s and Sears Homelife. The center is anchored by Burdine’s J.C. Penney and Dillard’s. The company is also selling a 5.4-acre outparcel adjacent to the Avenues Mall in Jacksonville FL. The site has frontage along Interstate 95 near the U.S. Route 1 interchange. The center is anchored by Beall’s J.C. Penney Parisian Dillard’s and Sears. The company is selling a 10.97-acre parcel adjacent to the AMC Theater located on Dorscher Avenue in Orlando FL. The site is next to a center anchored by Service Merchandise Marshall’s Michaels Linens ‘N’ Things Office Max and the theater located along State Route 50. The site has frontage on Dorscher Road and is adjacent to Highland Lakes Community Center.The company is also selling numerous parcels adjacent to the Treasure Coast Square Mall in Stuart FL. Parcels range in size from 206 acres to 1.4 acres. The sites are located near the intersection of U.S. Route 1 and Sunset Boulvard. The center is anchored by Burdine’s J.C. Penney Dillards and Sears. Area demographics include a population of 77 505 residing in a five-mile radius earning an average annual household income of $62 019.

For more information contact Edward W. Muransky DeBartolo Property Group 15438 North Florida Avenue Suite 102 Tampa FL 33613; 813-908-8400 Fax 813-908-2206.