SVN® Florida’s Ali Mushtaq Closes $2.65MM Transaction on Two-Acre Parcel in Sanford, Florida
Located on SR 46, property was former location of Days Inn/Denny’s
Sanford, Florida (December 07, 2015)—SVN® Florida Senior Advisor Ali Mushtaq successfully coordinated a $2.65MM commercial real estate transaction on a two-acre parcel in Sanford. Located at 4650 SR 46, the property was formerly occupied by Days Inn and Denny's.
Mushtaq, who represented the seller Paramand Investment Group, also is providing support to the buyer, Elevation Development, serving as its landlord representative.
“This is great news for the Sanford area, which has been active in its redevelopment efforts and is experiencing a resurgence in interest from businesses and developers,” said Mushtaq. “The transaction and redevelopment of the parcel will only serve to propel this momentum in growth and excitement within the community.”
Removal of the previous building infrastructure and redevelopment of the two-acre parcel is anticipated to be completed by early next year, according to Mushtaq, who also is handling the marketing of an adjacent 2.3 acres for the Paramand Investment Group.
Mushtaq has extensive experience in activities related to market research, financial analysis and underwriting, land development and redevelopment, ground lease development, NNN and NN lease investments, sales and site selection. He has successfully led numerous transactions for some of the leading property owners, developers and retailers in the country.
SVN Florida provides services in more locations than any other Florida commercial real estate firm and advisors in Jacksonville, St. Augustine, Tallahassee, Panama City, Pensacola, Ocala, New Smyrna Beach, Orlando, Lake Mary, Winter Park, Tampa, St. Petersburg, Sarasota, Bradenton, Naples, Fort Myers, Jupiter, West Palm Beach, Stuart, Fort Lauderdale, Hialeah and Miami. The SVN Florida team represents clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions
About SVN Florida Commercial Real Estate Advisors:
Sperry Van Ness International Corp., a full--service commercial real estate franchisor of the SVN® brand, is one of the industry’s most recognized names based on the annual Lipsey Top Brand Survey. With nearly 200 locations serving 500 markets, SVN provide sales, leasing, and property management services to more than 5,500 clients worldwide. The Florida team consists of more than 90 Advisors serving locations throughout the state. SVN Advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All SVN offices are independently owned and operated. For more information on SVN Florida, visit www.svnflorida.com. For the latest news, trends and issues related to the commercial real estate market, visit SVN Florida’s blog http://svnflorida.com/real-estate-blog/
Ali Mushtaq, Senior Advisor
SVN Florida Commercial Real Estate Advisors
Zeszutko Corp.-PR on behalf of SVN Florida