Lee & Associates Central Florida Negotiates the Sale Magnolia Office Park in Clermont, FL for $6.2M
CLERMONT, Florida—JULY 7, 2015—The Central Florida office of Lee & Associates, the nation’s largest broker-owned commercial real estate firm, is pleased to announced the sale of Magnolia Office Park in Clermont, FL.
Magnolia Office Park is a multi-building office park consisting of 46,000 square feet of office and 34,500 square feet of pad ready entitlements. The property, which is located at 17309 – 17335 Pagonia Road, Clermont, is strategically located at the southeast corner of West Colonial Drive (Hwy 50) and Magnolia Point Boulevard.
Jason Bantel, CCIM, principal of Lee & Associates Central Florida, represented the seller, Magnolia Investors, LLC. The buyer could not be disclosed.
“In addition to the features this office park offered, the buyer, who plans to hold the property, was motivated by the growth in this area and planning is underway for the development of additional pads within the office park,” said Bantel.