Clearwater, FL – October 23, 2014 – Klein & Heuchan, Inc. has successfully represented the Seller, DBW Enterprises, Inc. in the sale of the long closed golf driving range located at 12700 66th Street in Largo, FL. The Buyer was Broad Street Holdings, LLC. This 13.64 acre commercial site provided the Buyer with the rare opportunity to acquire a large parcel of vacant land in mid-Pinellas County. Broad Street Holdings, LLC will be developing close to 258 high-end apartment units on the site. The sale price was $3,953,000.00. Sherri Strazz of Klein & Heuchan, Inc. represented the Seller in this transaction.
Steven Klein, Vice President of Klein & Heuchan, Inc., stated “Multifamily housing continues to be a strong segment of the commercial real estate market. Our firm has closed several larger multifamily transactions that have brought new apartment projects to Pinellas County. This particular site offered all of the ingredients for a successful project including a very experienced developer, a very flexible and easy to work with jurisdiction in the City of Largo, and a sophisticated Seller. We anticipate continued demand for larger apartment sites as long as the market remains vibrant”.
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.