ORLANDO – Chris Adams, MiCP, Vice President at NAI Realvest, represented the buyer, Belleview Drive, LLC, of a residential development site in Lake Wales, Florida.
The 33.4-acre parcel at 1110 Belleview Drive, was purchased for $950,000. The new owner plans to develop a medium-density single-family development on the site.
The seller, San Juan Citrus, LLC was represented by Matt McDonald with Jamison Properties.
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About NAI Realvest
NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.