NAI Realvest Negotiates Industrial Land Sale near Downtown Sanford Where High-End Tool Manufacturer Will Provide Jobs by Summer
Sanford, Fla. -- Orlando-based NAI Realvest recently negotiated the $325,000 sale of 1.19 useable acres of industrial land at 501 Gordon St. just east of downtown Sanford and south of S.R. 46.
Tai Lee, CCIM sales and leasing associate at NAI Realvest represented the seller, Magical Growth, Inc. of Lake Mary. The buyer is Magma Diamond Tools, Inc. which makes high end tools for cutting, polishing, sanding and grinding granite.
Young Cha Proctor, president of Magma Diamond Tools based in Lake Mary, said he plans to build two 7,500 square foot buildings on the property with Phase I planned for completion by May or June. The company will initially add 4-5 jobs at the location.