Wednesday, September 25, 2013

Investors Make $1.6 Million Land Acquisition in Fort Pierce, FL




ORLANDO, FL --  Daryl M. Carter, Trustee of Carter-St. Lucie Indrio Land Trust recently purchased approximately 53 acres on the south side of Indrio Road at Kings Highway in Ft. Pierce, St. Lucie, County, Florida. The 53 +/- acre parcel was acquired from Capstone Res Dev, LLC for $1,300,000 cash.

Daryl M. Carter
Another Carter-led affiliate, the Chester C. Fosgate Company purchased an adjoining 2+/- acre tract from John V. Langel and Patrick J. Langel for $300,000 cash.

 Aggregate purchase price of the 55+/- acre assemblage was $1,600,000 cash.

 Nikolaus Schroth with NAI Southcoast represented the seller on the 53 acres and David Tubeck with Tubeck Realty, Inc. represented the seller on the 2 acres.

 Daryl. M. Carter, President of Maury L. Carter and Associates, Inc., Jeff Douglas and Hal Dodt represented the buyer. 


 Carter said the acquisitions are consistent with the firm's history of buying well-located land for investment with interim agricultural uses. Carter's investors have been very active lately, having acquired approximately 6 tracts of land in Florida in the last 12 months. 

For a complete copy of the company’s news release, please contact:

Maury L. Carter & Associates, Inc.
3333 S. Orange Avenue, Suite 200, Orlando, FL 32806
407-422-3144

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