Press Release brought to you by NAI Realvest

NAI Realvest | Charles Wayne Closes Land Sale for Mixed-use Opportunities in DeLand

09/19/2019

DeLand, Fla. -- NAI Realvest | Charles Wayne Commercial closed the sale of 6.44 acres on SR 15A in DeLand.  Lake Mary-based Flagship Companies Group purchased the land for $762,500 to build a mixed-use and self-storage development in the underserved area.    

"The market is currently undeserved when it comes to the supply of flex space that this project will be providing," says Steve Costa principal at NAI Realvest | Charles Wayne who brokered the sale and represented sellers Norman and Victoria Todd of Osprey, Fla. 

The project, strategically located at the northwest corner of the intersection of SpringGarden and S. Adele Avenues in DeLand, will feature “‘Maker’ style spaces to encourage employment opportunities in the SpringGarden area,” Costa said.  

The Maker units will consist of five retail units available for lease to local Artisans in the community.  The units will also have capability for light manufacturing uses with additional storage space and secured outdoor parking, he explained.   

The state-of-the-art facility is to be managed and operated by Extra Space Storage and will also include controlled climate storage units and outdoor parking for RVs and boats.  

Flagship is also building and operating self-storage facilities throughout Florida including Daytona Beach, Port Orange, Sanford, Orlando, Lakeland, Tampa and Sarasota.

The DeLand development will support two full time employees and it is estimated that over 50 people will be necessary to support the mixed-use project at full capacity.

 

Source

NAI Realvest

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