NAI Realvest Closes on Sale of Residential Land for Deer Run Estates in St. Cloud

Saint Cloud, Fla. – NAI Realvest, an Orlando-based real estate industry leader with a global footprint, has closed on the $1,050,000 sale of 31 acres of residential land at 4140 Hickory Tree Rd. in Saint Cloud. 

Veronica Malolos Broker at NAI Realvest negotiated the sale on behalf of the sellers, Mony Nhim, Steven Nhim, Dara Chay, and Sokhim La of Buena Park, Calif.      

Prominent Windermere developer Frank Cawthon, d/b/a FHC2, LLC is the buyer who owns the adjacent land with a master plan that combines both properties for a 55-acre community with 165 lots for single-family homes.   

Malolos said Deer Run Estates is the buyer’s 10^th project in the Narcoossee corridor and with the new development Deer Run Road is slated to become a major east-west connector between Canoe Creek and Narcoossee Roads.

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About NAI Realvest

NAI Realvest, covering 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.