DEFUNIAK SPRINGS, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Sealy Tract Agricultural Land (top left photo) located in Defuniak Springs, according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The 1,019.22-acre vacant property sold for $1,050,000.
Paul Bouldin (lower right photo), a senior associate and member of the National Land Group (NLG) in Marcus & Millichap’s Tampa office, represented the seller, a financial institution. The buyer was a Florida timber company.
The 1,019.22-acre Sealy Tract is located at Cosson Road between Freeport and Defuniak Springs in Walton County.
The property is zoned GA (General Agriculture) and is intended for future timber operations, the enhancement of natural resources and conservation. According to Bouldin, future land use is limited to low-impact residential usage and activities compatible with natural resources and wildlife conservation.
“Complications of transactions today have made it increasingly important to have real professionals involved,” comments Bouldin. “We are extremely pleased that we closed on time and under the agreed terms, in spite of the difficulties that arose. The successful closing is a testament to all the people involved.”
Contact:
Richard D. Matricaria
Regional Manager, Tampa
(813) 387-4700
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