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| Shelton Granada |
Orlando, FL – September X, 2014 – CBRE arranged the sale of
Indigo Plantation, located in world famous Daytona Beach at 100 Powell
Boulevard, for $17.9 million. The 304-unit community was completed in 1989 and
has a current occupancy of 97%.
CBRE exclusively represented the seller in the transaction.
“The Daytona and Volusia County rental markets are showing
great promise as their local economy continues to expand,” said Shelton
Granade, CBRE Executive Vice President.
“Indigo Plantation
is ideally located within minutes of $1.2 billion in new investment underway, including
NASCAR’s Daytona Rising project and the One Daytona entertainment, dining and
retail complex.
“The buyers on this deal have a great opportunity to add
value through modest upgrades at the property during this time of economic
growth.”
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| Luke Wickham |
Indigo Plantation is just minutes from the Daytona International
Speedway, Florida Hospital Memorial Medical Center and the new Trader Joe’s
distribution center, offering great exposure to the growth expected in those
areas.
Amenities at the property include a resort-style swimming pool, fitness
center, dog park, tennis courts and BBQ areas over a beautiful well-landscaped site.
Shelton Granade, Luke Wickham, and Justin Basquill
led the sales effort for CBRE. Their team has closed more than $1 billion worth
of apartment sales locally over the last 20 months.
For a complete copy
of the company’s news release, please contact:
Shelton D. Granade, Jr., Executive Vice President
CBRE | Investment Properties - Multifamily
200 S. Orange Avenue, Suite 2100 | Orlando, FL
32801
T 407 839 3103 F 407 404 5001
T 407 839 3103 F 407 404 5001
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