TCII Capital Acquires 33.8 Acre Development Site In Poinciana, FL For $6.6M

TCII Capital, represented by Jason Glaser of TCII Capital, has acquired a 33.8 acre development site in Poinciana, FL. The site, located at the NW corner of Marigold Ave & Cypress Pkwy next to 325 Cypress Pkwy, is set to be developed into 250,000 SF of retail space. The property is comprised of two shopping centers and six outparcels. The sale price for this transaction was $6,604,000, resulting in a price per square foot of $26.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $6,604,000
• Address: NW corner of Marigold Ave & Cypress Pkwy next to 325 Cypress Pkwy
• Market: Poinciana
• ACRES: 33.8

Avatar Properties Inc., represented by Taylor Morrison, served as the seller in this transaction. TCII Capital plans to develop the site into a retail space, catering to the growing market in Poinciana, FL.

Note from broker: TCII Capital intends to build two shopping centers and six outparcels, creating a total of 250,000 SF of retail space on the acquired site in Poinciana, FL.