Tampa, FL, December 21, 2021 – Tampa based land brokers Bill Eshenbaugh, ALC, CCIM and Ryan Sampson, ALC, CCIM of Eshenbaugh Land Company, represented the sellers, Kingsley Asset Management LLC in the sale of 875 acres of agricultural land located at the south-east corner of SR 52 and I-75 in Pasco County. The transaction closed December 21th, 2021 for $52,000,000. The buyer plans to rezone the site and join the Connected Cities overlay district to provide jobs in a mixed-use plan. This transaction cements Eshenbaugh Land Company as the most active land broker with closings and pending contracts totaling over $75,000,000 within the 7,000 acre Connected City overlay year to date and over $300,000,000 in aggregate land closings for 2021.
“It was a long journey over the years with challenges along the way. We helped facilitate 2 cattle leases and 1 sod lease to help generate income for the agriculture greenbelt provision. It was a pleasure to represent and work with Kingsley Asset Management LLC to create the largest tract sale for these uses along I-75 and SR 52 in Pasco, Hillsborough, and Hernando counties,”said Eshenbaugh.
“From contract signing to closing, the deal took less than 120 days to transact. While we had multiple offers over the years, the Seller waited for the right partner to bring the proposed development to life. This is a true testament to a patient seller and a great buyer putting in the effort and working in unison to achieve a common goal for a year end closing. I have no doubt that the buyer will be very successful in their future endeavors with this parcel and was honored to be part of the team on this key parcel within Connected City” said Sampson.
For additional information contact Ryan Sampson at (813)-287-8787 Ext.4 or email ryan@thedirtdog.com.
About Eshenbaugh Land Company
Whether it’s urban infill or wide-open undeveloped land, you need a local brokerage team on the ground and in the know to make complex land deals happen. That’s Eshenbaugh Land Company.
Their collaborative team of experienced brokers blends deep knowledge of all things land, trusted relationships with all the local players, and an ethical, down-to-earth character inspired by our founder’s cowboy roots. All brokers in the firm hold the prestigious CCIM designation.
At Eshenbaugh Land Company, it’s their rare knowledge of all aspects of land that gets deals done – and gives their clients confidence and a sense of ease every step of the way. The teams walk the soil of every property we represent. They know about diverse wildlife and their habitats on the land, about environmental characteristics, about easements and entitlements, and about the history of the sites. The Dirt Dog team know what to ask to uncover issues, what the value should be and who to go to for bringing deals together. And they do it all with respect for their clients, each other, and the land itself.
Learn more by visiting the website at www.thedirtdog.com where Quarterly Eshenbaugh Reports are posted.
About Bill Eshenbaugh
Active in brokerage and land development in the Tampa Bay area for more 35 years, Bill has weathered and prospered through several real estate cycles and has a keen ability to see and forecast trends ahead of the curve. Tenacity and a fervent passion for the business have earned him the nickname, “The Dirt Dog.”
Bill is a frequent industry speaker, teacher, and active board member of multiple associations. He has been a director or officer in most of the major real estate organizations in Tampa and has been honored with numerous “Broker of the Year” and “Top Producer” awards over his career.
About Ryan Sampson
Ryan is a Principal in the Eshenbaugh Land Company that has spoken as a land expert over the years at multiple national conferences. With over 16 years of real estate experience, he has closed more than $800,000,000 in land transactions with the company. His transactional experience ranges from single tenant retail out parcels to large master planned communities and everything in between as it relates to development land. He has been honored with numerous “Broker of the Year” and “Top Producer” awards over his career including being named by the National Association of Realtor’s for 2021 as the National Broker of the Year for Residential Land Sales based on Sales Volume.