Clearwater, FL – September 12, 2013 – Klein & Heuchan, Inc. has successfully represented the Seller, Barbara Engelhardt Trust, et. al in sale of 26311 US Highway 19, North in Clearwater, FL. The Buyer was DEM Enterprise, LLC. This large mixed use property contains a free standing Chick-fil-A restaurant, a Brown Boxer Pub & Grill restaurant and a 35,000 square foot office tower which is 97% occupied. The sales price was $3,650,000.00. Mark Klein and Steve Klein of Klein & Heuchan, Inc. represented the Seller in this transaction.
Steve Klein, Vice President of Klein & Heuchan, Inc., stated “commercial investment real estate remains in strong demand. While there are lots of investors searching for “value add” projects and distressed opportunities, in some instances the outsized demand for these types of assets has caused their prices to escalate beyond economically feasible values. We have sold a significant amount of distressed commercial real estate and we often find that stabilized projects can represent much better financial potential for the sophisticated investors”.
KLEIN & HEUCHAN, INC.
Klein & Heuchan, Inc. is an independently owned, full service commercial real estate firm covering west central Florida. The firm handles commercial brokerage, property management, and development services. Our company has built its practice on integrity, service and ethics. For more information and to see a selection of our recently completed transactions, please go to www.kleinandheuchan.com and click on News & Events.