Recent Closings

Pleasant Hill Self Storage
Kissimmee, FL
$11,735,000

Listing & Selling Agents: Michael A. Mele, Douglas K. Mandel, Christopher Everett

• Institutional Class Facility
• 234 Rentable RV/Boat Parking Spaces (23% of Total Units)
• No Direct Competition – Closest Comparable Facility is 8.5 Miles
• 83,280 Net Rentable Square Feet
• New Construction – Built in 2005 and Expanded in 2009
• Currently 85% Physically Occupied

This facility consists of 981 units for a total of 83,280 net rentable square feet. The facility is 45% climate-controlled and the units range in size from 25 square feet to 600 square feet. There are also 234 parking spaces for RV and boat storage. The parcel stretches across approximately 14.74 acres. Constructed in 2006, Pleasant Hill Self Storage is the newest self-storage facility in the Kissimmee area. It was expanded in 2009 to include two additional storage buildings. Pleasant Hill is currently 85% physically occupied and 80% economically occupied.

North Naples Storage
Naples, FL
$6,175,000

Listing & Selling Agents: Michael A. Mele, Luke Elliott

•  Located in the Highly Desirable Naples Market
• Stabilized Facility with Upside Potential
• Pro Forma Cap Rate of 7.86%
• Population Over 94,000 Within Five Miles
• High Visibility Location and Frontage on Old US 41

This facility provides an excellent opportunity for an investor who is looking to add value while capitalizing on cash flow from day one. Priced at $6,750,000, or $91.28 per rentable square foot, this self-storage offering is a great opportunity to acquire a quality facility in the desirable and thriving South Florida market.

The Verandas at Sea Pines
Hudson, FL
$7,650,000

Listing & Selling Agents: Francesco Carriera, Michael Regan

• 75% of Property is 2004-Built or Newer
• 65% of Units Have Been Upgraded with Granite Counter Tops and New Cabinets
• Located a Half-Mile from U.S. Highway 19
• Washer and Dryer in Every Unit
• Established Upside in Rents
• Average Unit Size of 1,322 Square Feet
• Minutes from the Gulf of Mexico

The Verandas at Sea Pines is a 150-unit apartment community located in the city of Hudson, Florida.  The property consists of 29 buildings which are one and two stories. The spacious two and three bedroom floor plans were built in three phases. The first phase was built in 1985. Phase two was built in 2004 and the most recent phase was completed in 2007

All of these units have a covered carport space, dishwasher, overhead microwave oven, and washer/dryer connections.

Baymont Inn & Suites
Orlando, FL.
$4,150,000

Listing & Selling Agents: Jonathan S. Ruprai, Dennis Hopper

• 162-Room Interior Corridor Baymont Inn & Suites
• Five Minutes from Orlando International Airport
• Close Proximity to the Florida Mall & Major Shopping
• Near Downtown Orlando & International Drive
• Close Proximity to Orlando’s Theme Parks
• Upward Trend in Revenue
• High Barrier-to-Entry Market

This is a 162 room, two-story, interior corridor hotel located in Orlando, Florida. The property is situated on U.S. 441 (Orange Blossom Trail) less than five minutes away from the Florida Mall and the Orlando International Airport.  It has direct access to State Road 528 (Martin Andersen Beachline Expressway) which leads to some of the cruise liners at Port Canaveral and to Interstate 4.

The property is located within ten minutes from several demand generators including Universal Studios, Aquatica, Mall at Millenia, Seaworld, Discovery Cove, Walt Disney World, Orange County Convention Center, Wet ‘n Wild, Islands of Adventures, Florida Mall, and Orlando Intl. Airport, to name a few.

Texaco Xpress Lube
Riverview, FL.
$729,000

Listing & Selling Agents: Casey Babb, Luis Baez, James Medefind

• Double-Net Lease
• 10% Rent Increase Every Five Years of the Lease, Including Option Periods
• Large Texaco Xpress Lube Operator in the United States (66-Units)
• 10.5 Years Remaining, Three Five-Year Options
• Adjacent to Brand New 100 Bed Hospital

This 1,400-square foot Texaco Xpress Lube in Riverview, Florida (Tampa MSA), sits off Big Bend Road (County Road 627) and is an out parcel to an Ace Hardware anchored center. Riverview is a bedroom community of Tampa, with excellent major roadway access with Interstate 75, US Highway 301 and US Highway 41, all in the immediate area.

The property is surrounded by national retailers including Sam’s Club, Applebee’s, McDonald’s, Ace Hardware, Beef ‘O’ Brady’s, Walgreens, Burger King, SunTrust Bank, CVS and Advance Auto.

Adjacent to the property is the brand new Saint Joseph’s Hospital, totaling 325,000 square feet. Upon completion, there are expected to be over 500 jobs created.

River Landings Medical Center
Bradenton, FL
$1,550,000

Listing & Selling Agent: Justin West

• 100% Occupied Medical Office
• Located Just a Few Miles From I-75
• Built in 1998
• 8 Miles From Manatee Memorial Hospital
• Located Within a Medical Park
• 9,582 Square Feet of Rentable Space
• 5/1000 Parking Ratio

River Landings Medical Center is located at 5460 E 63rd Street in Bradenton, Manatee County, Florida. This asset consists of a Class “B” building totaling 9,582 rentable square feet. The property was built in 1998 with a concrete block stucco exterior with wood framing and modern finishes. There are 50 free surface parking spaces, three individual rentable units, separately metered power supply and HVAC supply per unit.