Subject property (left) located off Interstate 4 at S.R. 46 and Hickman Drive in Sanford
SANFORD, Fla. – SVN Florida senior advisor Ali Mushtaq coordinated the sale of a 1.98-acre parcel at State Road 46 and Hickman Drive off Interstate 4 in a high-demand area of Seminole County. The transaction, which closed on May 8, was for $1.65 million. The seller was Paramand Investment Group Inc. and the buyer was Hallmark Equity Partners LLC.
“The buyer immediately recognized that this highly visible site would be ideal for a hotel,” said Mushtaq, who is a land and development specialist with more than 15 years of experience. “You can see the parcel from Interstate 4 and it is surrounded by well-known national brands.”
The site, fronted by a Wawa convenience store, is within walking distance of a McDonald’s, Outback Steakhouse, Chevron and OfficeMax, among others, and is a block away from the popular Seminole Towne Center. A 123-room WoodSpring Hotel is planned for the parcel, he said.
Mushtaq also noted the strong demographics in the area, which attracts international visitors and is close to the Orlando Sanford International Airport.
SVN, a commercial real estate brokerage firm headquartered in Boston, is one of the industry’s most recognized brands based on the annual Lipsey Top Brand Survey. With more than 190 locations in 500 markets, SVN Commercial Real Estate Advisors provide sales, leasing and property management services to more than 5,550 clients worldwide. The Florida team consists of more than 100 advisors serving locations across the state. SVN advisors represent clients in office, multifamily, retail, industrial, self-storage, hospitality, marina, mobile home park and land transactions. All SVN offices are independently owned and operated. For more information on SVN Florida, visit www.svnflorida.com.
Ali Mushtaq, senior advisor, SVN Florida, 407-982-3976 / [email protected]
Ken Zeszutko, Zeszutko Corp. PR and Digital Marketing, 321-213-1818 / [email protected]