Highlights of the Week’s Major Commercial Real Estate Deals in Charlotte, Collier, Hillsborough, Lee, Manatee, Pasco, Pinellas, Polk, and Sarasota

Charlotte

Buyer: D.R. Horton Inc.
Seller: JDG Cali Cove LLC
Address: Cali Circle, Punta Gorda
Property Type: Vacant land
Price: $9,523,000

Collier

None

Hillsborough

Buyer: Gandy Propco LLC
Seller: Gandy FL Propco LLC
Address: 4610 S. Manhattan Ave., Tampa
Property Type: Assisted living facility
Price: $24,827,600
Previous Price: $24,000,000, May 2022

Buyer: M2JKT Ventures LLC
Seller: AC Tanner LLC
Address: Not listed
Property Type: Vacant commercial land
Price: $8,000,000

Buyer: DIA CHU LLC
Seller: Evershine Group Inc.
Address: 8502 N. Armenia Ave., Tampa
Property Type: Retail strip center
Price: $7,350,000
Previous Price: $532,000, June 1991

Lee

Buyer: Capstone Property Holdings Fort Myers LLC
Seller: The Athenian Academy Educational Services LLC
Address: 18801-891 Oak Center Drive, Fort Myers
Property Type: School
Price: $19,625,000

Buyer: VIA Coconut Titleholder LLC
Seller: Estero 5 LLC
Address: Estero
Property Type: Pasture
Price: $8,450,458

Buyer: JDGT2020 LLC
Seller: CYNLAB LLC
Address: 7964 Summerlin Lakes Drive, Fort Myers
Property Type: Medical office building
Price: $6,095,175
Previous Price: $365,000, February 2016

Manatee

Buyer: VLRF LLC
Seller: TI Investors of LWR North LLC
Address: 11021 Bennett Drive, Lakewood Ranch
Property Type: Apartment units
Price: $92,112,000
Previous Price: $5,700,000, December 2020

Buyer: TLREOF DL Sarasota Owner LLC
Seller: S-H Sarasota Development Propco LLC
Address: 1404 69th Ave. W., Bradenton
Property Type: Assisted living facility
Price: $44,406,000

Buyer: Neal Communities of Southwest Florida LLC
Seller: Lansdowne Partners Group LLC and Fortress Investors Management LLC
Address: Bradenton
Property Type: Vacant land
Price: $3,194,400

Pasco

Buyer: Woodcreek – Wesley Chapel LP
Seller: Forestar (USA) Real Estate Group Inc.
Address: Wesley Chapel
Property Type: Residential land
Price: $31,096,330

Buyer: D.R. Horton Inc.
Seller: Forestar (USA) Real Estate Group Inc.
Address: Wesley Chapel
Property Type: Residential land
Price: $6,667,200

Pinellas

Buyer: Tower 1100 LLC
Seller: 1100 Cleveland LLC
Address: 1100 Cleveland St., Clearwater
Property Type: Apartment units
Price: $32,625,000
Previous Price: $4,000,000, December 2016

Buyer: PS Florida One LLC
Seller: 25th Street Storage 18 (FL) LLC
Address: 2150 25th St. N., St. Petersburg
Property Type: Warehouse
Price: $20,000,000
Previous Price: $11,550,000, January 2014

Buyer: Dunes Tahiti Property Company LLC
Seller: Loggerhead Resort LLC
Address: 11320 Gulf Blvd., Treasure Island
Property Type: Hotel
Price: $15,000,000
Previous Price: $6,242,000, December 2020

Polk

Buyer: LL3310 LLC
Seller: Joanne Caccamisi
Address: 3310 Reynolds Road, Lakeland
Property Type: Warehouse
Price: $1,709,000

Sarasota

Buyer: MHD Real Estate LLC
Seller: Neal Q. Obendorf and Mark A. Obendorf
Address: 313 Seaboard Ave., Venice
Property Type: Warehouse and office
Price: $4,000,000

Buyer: Donal Grier and Elizabeth Grier
Seller: CNL Osprey Holy Spirit LLC
Address: 295 S. Tamiami Trail, Osprey
Property Type: Restaurant
Price: $2,323,300
Previous Price: $815,400, May 2023

Buyer: HGC Prestancia LLC
Seller: Sarasota Tennis Club Holdings LLC
Address: 3600 Torrey Pines Blvd., Sarasota
Property Type: Tennis club
Price: $1,750,000
Previous Price: $2,100,000, December 2013

Key Information

• Charlotte: D.R. Horton Inc. buys vacant land for $9,523,000.
• Hillsborough: Notable transactions include a $24,827,600 assisted living facility and an $8,000,000 commercial land sale.
• Lee: Capstone Property Holdings acquires a school for $19,625,000, and there’s a pasture sale for $8,450,458.
• Manatee: Significant sales include apartment units for $92,112,000.
• Pasco: Residential land sells for over $31 million.
• Pinellas: An apartment transaction hits $32,625,000 and a hotel property sells for $15 million.
• Sarasota: Key sales include a warehouse-office for $4 million and a restaurant for $2,323,300.