Clearwater, FL – June 5, 2014 – Klein & Heuchan, Inc. has successfully represented the Buyer, QH Venture, LLC in the purchase of 5811 Richey Road in Port Richey, FL. The Seller was Richey Plaza, LLC. This 6,000 square foot restaurant building is adjacent to a Super Walmart and a new WAWA convenience store which both generate strong traffic. The property has access via a traffic light on US Highway 19. The sale price was $875,000. Larry Gilbert was of Klein & Heuchan, Inc. represented the Buyer in this transaction.
Steve Klein, Vice President of Klein & Heuchan, Inc., stated “this existing restaurant facility offered an outstanding opportunity to purchase a building located next to two outstanding traffic generators. With low cost financing and an existing facility, the Buyer was able to reduce their overhead costs by purchasing an existing restaurant and renovating the property to suit their needs. As the economy continues to expand we expect this trend to continue”.
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.