NAI Realvest Completes $5.3 Million Investment Sale/Leaseback in Clermont For The New Home of Tommy’s Florida Boat Dealership
CLERMONT, Fla. -- NAI Realvest, based in Orlando and one of the leading providers of real estate services in Florida, recently closed on the NNN investment sale of a 14,518 square foot boat dealership building on a five-acre tract at 16212 SR 50 in Clermont.
Scottsdale, AZ-based STORE Master Funding XVIII, LLC, purchased the property for $5.3 Million with a long-term lease in place to the seller, Bear Creek Bridge, LLC of Grand Rapids, MI d/b/a Tommy’s Florida.
While still under their ownership, Tommy’s developed the property for their own use and the boat dealership relocated from a former site in Clermont. Tommy’s now employs a staff of 20 at the new location which provides for growth and a few more jobs are projected within the next year. A grand opening was recently held at the newly built facility.
NAI Realvest Principals Matt Cichocki and Kevin O’Connor negotiated the sale / leaseback on behalf of the seller and Geoffrey Faulkner of NNNet Advisors represented the buyer in the transaction.
Tommy’s focuses on sales and rentals of new and pre-owned boats primarily for water sports and currently has four other locations in Michigan and Colorado.