Joseph Sanz Of Orion Real Estate Group Acquires Retail Asset In Davenport For $63.5M

The property asset involved in the transaction is a retail space located at Highway 27 & I-4 in Davenport. The sale price for the asset was $63,500,000, with a square footage of 731,000, translating to a price per square foot of $87.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $63,500,000
• Buyer: Joseph Sanz - Orion Real Estate Group
• Seller: Michael C. Phillips - PREP Property Group
• Brokers: Brad Peterson, Whitaker Leonhardt & Eric AmRhein - Colliers
• Mortgage Broker: BayBridge Real Estate Capital

The transaction was facilitated by the brokerage firm Colliers, represented by Brad Peterson, Whitaker Leonhardt, and Eric AmRhein. Joseph Sanz from Orion Real Estate Group and Michael C. Phillips from PREP Property Group were key players in the deal, with the former acquiring the property from the latter.