John & Danielle Safi Of Polk Capital LLC Acquire Best Buy Distribution Center In Polk City For $49.5M

A 650,808-square-foot retail asset located at 8906 North Road 33 in Polk City, encompassing 45.7 acres, has been sold for $49.5 million. The sale was facilitated through JLL Capital Markets, which represented the buyers, Polk Capital LLC and Camelot Holding LP.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $49,500,000
• Address: 8906 North Road 33
• Market: Polk City
• Asset Size: 650,808 sq ft
• Price per Square Foot: $76
• Buyer: John & Danielle Safi - Polk Capital LLC & Camelot Holding LP
• Seller: Jonathan Tratt - Tratt Properties
• Brokers: Stephanie Ruys, John Huguenard, Taylor Osborne, Morgan Davis, Luis Castillo & Cody Brais - JLL

The transaction involved multiple representatives from JLL Capital Markets, highlighting the collaboration among industry professionals. Cody Brais specifically represented the seller, Tratt Properties, which developed the distribution center on the site, indicating a strong execution in the build-to-suit project.