Clearwater, FL – March 20, 2014 – Klein & Heuchan, Inc. has successfully represented the Seller, Juvenile Services Program, Inc. in the sale of 6716 Congress Street in New Port Richey, FL. The Buyer was R&M Real Estate Holdings, LLC. This 12,489 square foot residential treatment facility had been renovated in 2012. The new owners intend to create an assisted living facility. The sale price was $840,000. Stan Newmark and Joe Santolucito of Klein & Heuchan, Inc. represented the Seller in this transaction.
Steve Klein, Vice President of Klein & Heuchan, Inc., stated “for its prior use, this facility had been renovated to accommodate a fairly large population of clients. With the ALF market continuing to expand, this property provided the Buyer with an excellent opportunity to convert the existing asset into an assisted living facility. We had multiple prospects present offers and felt the ultimate Buyer was the best match”.
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.