Commercial Partners Realty, Inc. announced today that Pasco land specialist, Jim Engelmann, along with David Culligan and Hayden Peiker, represented the seller, 21 Acres LLC, in the sale of 21 acres of development land located at 19200 Cortez Rd. in Brooksville FL.
“The Florida market continues to be strong,” Engelmann says, “not just in Pasco County, but developers are actively looking for sites in Hernando County as well. The property on Cortez Road (SR 50) was on the market for just under 4 months before going under contract. Prior to selecting Brooksville Asset Management’s offer, we had six written offers in hand, each from a qualified multifamily developer. The selected offer was the most appealing as it allowed the sale to close in less than three weeks after all parties had agreed to terms.”
The property, located on SR 50 near the intersection of US Hwy 41, is in an area of steady, new growth close to both Bayfront Health and historic downtown Brooksville. It closed for $2,350,000.
