 |
| Paul Bouldin |
KISSIMMEE, FL, May 22, 2015 – Marcus & Millichap (NYSE:
MMI), a leading commercial real estate investment services firm with offices
throughout the United States and Canada, today announced the sale of Snow White Village, a 12.86 acre parcel
located in Kissimmee, FL, according to Richard D. Matricaria, regional manager
of the firm’s Tampa office.
The asset sold for $3,321,000.
Paul Bouldin,
Senior Associate, and Dan Mulkey,
Vice President Investments, of Marcus & Millichap’s Tampa office, had the
exclusive listing to market the property on behalf of the seller.
The buyer, a developer, was secured by Paul
Bouldin of Marcus & Millichap’s Tampa office.
Snow White Village is located at 4567 Seven Dwarfs Lane in Kissimmee, FL.
The land was originally a housing location
for Disney employees that were brought to Central Florida from all over the
world to work at Epcot’s various themed country pavilions. In 2006, the land
was sold to a developer and approved for a new 630 room hotel, Marquis Orlando.
The project was never built due to market conditions and changes to the credit
environment.
Paul Bouldin, a land and development specialist at Marcus
& Millichap was engaged to help market the property. Prior to this closing,
the new buyer submitted plans for a 250 plus unit, market rate apartment
project. Construction is scheduled to start this summer with a completion date
of late summer 2016.
For a complete copy
of the company’s news release, please contact:
Richard D. Matricaria
Vice President/Regional Manager
Tampa
(813) 387-4700
No comments:
Post a Comment