Thursday, July 25, 2013

NAI Southcoast closes deal on Indrio Road 147-acre parcel



NAI Southcoast is proud to announce the closing on the sale of a 147 acre parcel located at Indrio Road and Johnston Road in St. Lucie County. Nikolaus M. Schroth, CCIM represented the seller, PNC Bank, in the sale and Jeff Cusson with Coldwell Banker Commercial Saunders Real Estate represented the buyer, Indrio Acres, LLC. The purchase price was $925,000 and the buyer has no immediate plans for the property. The property had been listed for several years and was aggressively marketed through the transition of ownership from RBC Bank to PNC Bank. The sale represents one of several recent land sales in the Treasure Coast area, as a recent increase in activity has been observed.

Please contact Nikolaus M. Schroth, CCIM for other commercial real estate listings or for additional information regarding this sale.

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