ORLANDO, Fla. — NAI Realvest recently negotiated the sale of a 5.75-acre retail parcel known as Lot 1, Sandhill Commons, Unit 2, located off U.S. 50 in Clermont for $980,500.
NAI Realvest Broker Associate George Viele brokered the transaction representing the seller, DeWitt Enterprises, Inc. of Winter Garden.
Miami Beach-based Realty Income Properties 13, LLC d/b/a Argate Properties, purchased the land to develop a 55,000 square foot Hobby Lobby store this year.
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 350 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.
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