NAI Realvest Negotiates $1.3 Million Sale Price for 18+ Acre Bank Owned Land in Davenport

MAITLAND, Fla. – NAI Realvest recently negotiated the sale of an 18.35 acre parcel of  land located at 2425 Frontage Rd. in Davenport for $1,300,000. 

Thomas E. Hankins, CCIM, SIOR, principal at NAI Realvest and Broker Associate Drew Saphos, CCIM negotiated the transaction representing the seller, Homebanc N.A. of Tampa.    

Barnum City Grove 3, LLLP of Orlando, owner of adjoining land, purchased the foreclosed property, which is zoned Regional Activity Center (RAC-X).  Barnum, who plans to establish grove operations on the property as expansion of its existing grove, was not represented by a broker in the transaction.

About NAI Realvest 
NAI Realvest, serving 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 350 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.