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| Roger Soderstrom, Jr |
SANFORD, FL – As population growth and housing demand has been soaring in Central Florida the past year, Stirling International Real Estate’s Broker of Record Roger Soderstrom, Jr. has been bullish on investing in the historic City of Sanford.
The
completion of major sales and leases since late last year shows the 31-year-old
Orlando-based broker’s focus has been buying and selling both residential and
commercial properties – especially unique and historic properties – in Central
Florida’s oldest incorporated city.
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| Sanford, FL skyline |
Stubbs
Architecture of DeLand was named to do the restoration and redesign of
interiors with a more practical use of space.
Properties at 310 and 315 South Magnolia, which were previously for office use, are both being developed as residential duplexes; 219 South Laurel is a single-family home being redeveloped to be sold. The duplexes will be held for investment.
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| Downtown Sanford, FL |
“New and refurbished
upscale residences are needed for professionals moving into the area," Soderstrom
said.
"Many seek a small town neighborhood setting like Sanford, which also provides easy access to conveniences, entertainment and employment centers.”
Soderstrom
also paid $300,000+ for five lots zoned single-family in the historic
district just south of downtown Sanford where many older homes are maintained
with beautiful architectural detailing.
Four lots located side-by-side on Locust and one on 10th Street were repositioned for sale to a custom homebuilder renowned for high-quality housing and easily follows the City’s strict design criteria to maintain the historic feel of the neighborhood.
Five
lots were purchased for $275,000 in 2022 at Lexington Park office campus
adjacent to HCA Lake Monroe Hospital and sold in 2023 to two developers
for a total of $483,000. The custom office developers are designing a
total of 17,800 square feet of medical /professional office spaces for lease
and sale that will range from 3,000 to 7,200 square feet.
Additionally
in Lexington Park, Soderstrom completed a long-term lease agreement this summer
on a new 3,500+ square foot office building which will start construction as
soon as the permitting process is complete.
While
Soderstrom’s focus has been vacant lots and land as well as retail and office
buildings mainly located east of U.S. 17-92 and South of SR 46, all areas and
property sizes are always considered, he said.
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| HCA Lake Monroe Hospital |
“Investment demand remains high nationwide and we’re seeing more businesses and homebuyers who are seeing value and opportunities in Sanford, especially in the downtown area,” Soderstrom said.
“The City’s economic development
team and partnerships have been strong in their efforts to attract businesses, so there’s a need for more
housing in Sanford especially closer to the work centers and vibrant downtown.
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| Downtown Orlando at night |
Soderstrom also is actively investing
and developing in downtown Orlando this year. He recently completed major
renovation of a townhome condo overlooking Lake Cherokee and is in the process
of developing four residential infill lots next to Creative Village. Both of
those projects are valued at more than $1 Million upon delivery.
Redevelopments are leading the
way in downtown areas, especially at the historic lakefront city, Soderstrom
says.
“We see Sanford becoming the
next Winter Garden, actually may even surpass it because of the easy access and
close proximity to two international
airports, Auto Train, SunRail and Highways 417 and Interstate 4
connecting Sanford statewide.”
CONTACTS:
Roger
Soderstrom Jr.
Stirling International Real Estate
407-617-2830;
Beth
Payan,
Larry Vershel Communications
407-461-3781
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