SOLD
John P. Albright - CTO Realty Growth, Inc Acquires Marketplace At Seminole Towne Center
1771 W.P. Ball Boulevard
Retail
318,000 SF
318,000 SF
Sold 50 days ago
Summary
Sale
FLORIDA
Retail
318,000 sqft
The Marketplace at Seminole Towne Center, located at 1771 W.P. Ball Boulevard in Sanford, was recently sold for $68.7 million. This retail property spans 318,000 square feet, resulting in a price per square foot of $216. The buyer, John P. Albright of CTO Realty Growth, Inc, acquired the asset as part of the company's expansion strategy in the thriving Orlando market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $68,700,000
- Acres: 41
- Buyer: John P. Albright - CTO Realty Growth, Inc
- Market: Sanford
CTO Realty Growth, Inc made the purchase through a 1031 like-kind exchange, demonstrating their commitment to long-term value creation. This acquisition aligns with the company's strategic vision for growth and further establishes their presence in the dynamic Orlando real estate market.
Details
SOLD
IMAGE: John P. Albright
DATE: 03/21/2024
ADDRESS: 1771 W.P. Ball Boulevard
MARKET: Sanford
ASSET TYPE: Retail ~ ACRES: 41
BUYER: John P. Albright (@John.p.Albright) - CTO Realty Growth, Inc
SALE PRICE: $68,700,000
SF: 318,000 ~ PPSF: $216
NOTE: CTO Realty Growth, Inc. purchased the Marketplace at Seminole Towne Center in Orlando for $68.7 million, expanding its presence in the high-growth Orlando market. The acquisition, made through a 1031 like-kind exchange, aligns with the company's strategy for long-term value creation.View on map
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Address1771 W.P. Ball Boulevard
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