NAI Realvest Negotiates $1.1 Million Purchase of Vacant Sanford Industrial Land along SR 417
ORLANDO, Fla. – NAI Realvest recently closed on the purchase of two adjacent industrial land parcels totaling 7.8 acres on Martin Luther King Blvd. along SR 417 in Sanford.
Jason G. Toll, MiCP, director of industrial services at NAI Realvest, negotiated the transactions totaling $1,110,000.00 on behalf of HCME, LLC of Longwood, who purchased the land from two different sellers. HCME is the holding company for Jon M. Hall Company who plans to develop the vacant land for administrative offices and an equipment maintenance facility.
The parcel at 800 Martin Luther King Jr. Blvd. was purchased for $120,000. Owner Lars Eriksson of Sanford gifted the 1.3 acres to Austin Peay State University in Tennessee who received the proceeds of the sale.
Seller Alan Dean Shoemaker, Trustee sold the adjacent, undeveloped 6.5 acres on Martin Luther King Jr. Blvd. for $990,000.