The Villages Acquires 3,400-Acre Monarch Ranch In Florida For $40M | Florida's Tpke & I-75 | Jay Ziv, Michael Fay, John Crotty, David Duckworth, Brian de la Fe, Greg Morrison | Land | Sale

Summary

Sale

FLORIDA

Land

The 3,400-acre Monarch Ranch industrial site in Sumter County has been acquired by The Villages in partnership with Benderson Development for $40 million. The property, located at the intersection of I-75 and Florida’s Turnpike, holds significant potential for large-scale industrial development and warehousing activity, positioning it as a vital distribution center between Orlando and Tampa.

Summary of transation details:

Property Type: Land
Transaction Amount: $40,000,000
Address: Florida's Tpke & I-75
Market: Florida
Asset Type: Land
Acres: 3,400

Brian De La Fé, David Duckworth, Greg Morrison, Jay Ziv, John Crotty, and Michael Fay from Avison Young acted as the brokers in facilitating the acquisition of the Monarch Ranch industrial site. The collaboration between The Villages and Benderson Development underlines a strategic move towards strengthening industrial development in the region, capitalizing on the property's prime location for future growth and distribution operations.

Players

All
7

Agents
6
Agencies
1

Jay Ziv

Principal

$109M Sold

Michael Fay

Principal, Managing Director

$1.1B Sold

$1.1B Sold

$826.7M Sold

$930.4M Sold

$40M Sold

Details

Deal Summary

SOLD

IMAGE: Michael Fay, Brian De La Fé, David Duckworth, John Crotty, Randy Benderson, Jay Ziv & Greg Morrison DATE: 01/16/2024 ADDRESS: Florida's Tpke & I-75 MARKET: Florida ASSET TYPE: Land ~ ACRES: 3,400 BUYER: The Villages; Randy Benderson - Benderson Development (@BendersonDevelopment) BROKERS: Brian De La Fé, David Duckworth, Greg Morrison, Jay Ziv, John Crotty (@JohnkCrotty) & Michael Fay (@MichaeltFay) - Avison Young (@Avison_Young_Global) SALE PRICE: $40,000,000 NOTE: The Villages, in partnership with Benderson Development, has acquired the 3,400-acre Monarch Ranch industrial site in Sumter County for $40 million. Located at the intersection of I-75 and Florida’s Turnpike, the strategic property offers the potential for large-scale industrial development and millions of square feet of warehousing activity, serving as a key distribution hub between Orlando and Tampa.

View on map

AddressFlorida's Tpke & I-75

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want