Broker Ricardo Bovero participated in three of the transactions--the $1-million sale of the 12,000-sf Garden Center in Winter Haven; the $510,000 disposition of the Duchess Quads apartments in St. Petersburg; and the $1.94-million sale of Haines City Office in Haines City.

In Winter Haven, about 40 miles west of Downtown Tampa, Bovero represented both parties in the Garden Center sale. Lake Mary investor Kevin Erwin paid the Barnhart Trust $83 per sf. The property sold at a 7.3% cap rate. The seller had owned the property since 1989.

In nearby Lakeland, Bovero again negotiated for buyer and seller. St. Petersburg investor Jody McMaster paid seller George Tyson $42,500 per unit for the three-building, 12-unit apartment complex. The cap rate was 7.81%. Tyson had owned the property since 1993.

Lakeshore Communities Inc. of Chicago paid Tyrone Park LLC $2.27 million, or about $27,780 per site, for the 109-site Tyrone Village Mobile Home Park in the Tyrone Village sector of Tampa. The seller had owned the property since 1998. M&M broker Dan Mulkey represented buyer and seller.

In a second mobile home park transaction, Tampa investor Anthony Sutter paid $850,000 or $20,238 per unit for the 42-unit Whispering Oaks community in Lakeland. Mulkey handled the deal for buyer and seller.

Tampa-based Layton Properties, which has owned the 50,000-sf Premiere Office Center in suburban Northdale since 2002, sold the property to Mr. And Mrs. Somogyi of Oldsmar for $1.19 million or about $23.70 per sf. M&M broker Jeff Spilman represented buyer and seller.

Haines City Office, a 10,050-sf, six-year-old, 100%-leased medical-professional building in Haines City has been purchased by Palm Beach Capital Partners of West Palm Beach for $1.94 million or $193.03 per sf, one of the highest per-sf-prices paid for an office property in Polk County in the last five years, area brokers tell GlobeSt.com. M&M's Spilman and Bovero negotiated for the seller, Sanders Corp. of Kissimmeee which had owned the asset at 4011 US 27 North since 1999. The average asking gross rent range is $14.50 to $19.80 per sf, triple net. "The property went under contract within two weeks of the listing date and closed in 32 days, from execution of the contract," Spilman tells GlobeSt.com.

Marcus & Millichap Tampa brokers Adam Wells and John Brigel represented buyer and seller in the $1.27-million sale of Furr's Family Dining Restaurant in Big Spring, TX. A private Oklahoma investor purchased the asset.

Instant Insights /

Multiple Deals Across Property Sectors Total $9M

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