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Geneva Group Acquires Mixed-Use Property In Casselberry From Westgate Resorts For $4M

Property Image
SOLD
$4,000,000

Florida

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Mixed-use70,841 SF
Sold 06/26/2023
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Property Image
SOLD

Geneva Group Acquires Mixed-Use Property In Casselberry From Westgate Resorts For $4M

384 Wilshire Blvd Casselberry, FL 32707, USA

See Similar Deals
Mixed-use70,841 SF
Sold 06/26/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$56
Total Square Footage:70,841 SF
Transaction Type:Sale

David Siegel's Westgate Resorts has sold a 70,841-square-foot office and retail building located at 384 Wilshire Boulevard in Casselberry. The mixed-use property was purchased by Geneva Group for a total sale price of $4,000,000, resulting in a price per square foot of $56.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,000,000
  • Square Footage: 70,841
  • Address: 384 Wilshire Boulevard, Casselberry
  • Market: Casselberry

This sale is part of David Siegel's strategic plan to divest properties and focus on timeshare resources. Amidst a thriving real estate market, Siegel's Westgate Resorts decided to sell the office and retail building in Casselberry, aligning with their future business objectives. This transaction involved Westgate Resorts as the seller and Geneva Group as the buyer.

Players

GG
Geneva Group
BUYER
David Siegel
David Siegel
4 deals$23.3M volume
SELLER

Details

SOLD
IMAGE: David Siegel DATE: 06/26/2023 ADDRESS: 384 Wilshire Boulevard MARKET: Casselberry ASSET TYPE: Mixed-use BUYER: Geneva Group (@Geneva_GP) SELLER: Westgate Resorts (@WestgateResorts) - David Siegel SALE PRICE: $4,000,000 SF: 70,841 ~ PPSF: $56 NOTE: David Siegel's Westgate Resorts has sold a 70,841-square-foot office and retail building in Casselberry, part of Siegel's strategy to divest properties and focus on timeshare resources amidst a thriving real estate market.

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