Richbuilt Construction Acquires Development Site From Farrell Communities Banyan Bay For $4 Million

This development site located at 5590 Kanner Highway in Stuart was sold for $4,000,000. The property encompasses a total square footage of 519,235, resulting in a price per square foot of $7.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,000,000
• BSF: 519,235
• PPBSF: $7
• Buyer: Richbuilt Construction
• Seller: Farrell Communities Banyan Bay
• Brokers: Nikolaus Schroth, Jeff Allman Jr & James McKinney - NAI Southcoast
• Date of Sale: 08/26/2024

The transaction involved key representatives from NAI Southcoast, specifically Nikolaus Schroth, Jeff Allman Jr, and James McKinney, who played significant roles as the brokers in this deal. Their efforts facilitated the successful transaction between Richbuilt Construction and Farrell Communities Banyan Bay.