Terra Equity Group Acquires Mixed-use Property In Winter Springs For $11M

A mixed-use property located at 1401 Blumberg Blvd in Winter Springs has been sold for a total price of $11,000,000. The property sits on 1.57 acres and consists of 45 units, with an average price per unit of $244,444. The total square footage of the property is 48,780, resulting in a price per square foot of $226.

Summary of Transaction Details:

• Property Type: Mixed-use
• Transaction Amount: $11,000,000
• Address: 1401 Blumberg Blvd, Winter Springs
• Market: Winter Springs
• ACRES: 1.57
• Buyer: Terra Equity Group
• Seller: Cohen Investment Group
• Brokers: Darron Kattan, Zach Ames, Avery Jordan & Mark Savarese - Franklin Street
• Units: 45
• PPU: $244,444
• SF: 48,780
• PPSF: $226

The deal was facilitated by brokers Darron Kattan, Zach Ames, Avery Jordan, and Mark Savarese from Franklin Street.