Ramada Investments Acquires Retail Property From Darren Johnson In Clermont For $1.6M

The retail property located at 750 West Desoto Street in Clermont was sold for $1,600,000. The transaction took place on 02/21/2024, with Ramada Investments acquiring the property from Darren Johnson. The seller had strategic divestment plans, which included selling Clermont Brewing Co. to a Brazilian investment group for $1.6 million. Darren Johnson also listed Johnson's Village Marketplace for $3.9 million with Marvin Puryear as part of focusing on upcoming projects in downtown Clermont.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $1,600,000
• Buyer: Ramada Investments
• Seller: Darren Johnson
• Brokers: Adrian Outerino & Luciano Medeiros - Millenia Partners; Rosana Almeida - Connexion Properties
• Market: Clermont
• Note: The seller's strategic divestment aims to focus on upcoming projects in downtown Clermont amid strong regional retail growth.

The deal's key individuals and companies involved in the transaction were Adrian Outerino, Luciano Medeiros, Rosana Almeida, Marvin Puryear. Adrian Outerino and Luciano Medeiros represented the seller, Darren Johnson, while Rosana Almeida represented the buyer, Ramada Investments. The acquisition by Ramada Investments aligns with Darren Johnson's strategic real estate plans as he looks to concentrate on new developments in Clermont.