FALL 2017
PARADISE
PERISCOPE THE
COMMERCIAL REAL ESTATE NEWS BROUGHT TO YOU BY COLDWELL BANKER COMMERCIAL PARADISE
CBC Paradise Closes On $13.5 Million Vacant Land Transaction
Mike serves as the Realtor for the City of Satellite Beach.
Coldwell Banker Commercial Paradise Office Locations FORT PIERCE 411 North US Highway 1 772-460-2081 INDIALANTIC 232 5th Avenue 321-723-9500 PORT ST LUCIE 7202 S US 1 772-460-2081 SEBASTIAN 1209 US Hwy 1 772-778-1801 STUART 2384 NW Federal Hwy 772-301-0600 VERO BEACH 4625 N A1A #3 772-231-4880 VERO BEACH 1950 US Hwy 1 772-778-2029
RWAY
INTRACOASTAL WATE
PATRICK AIR FORCE BASE
27.44 ACRES Y
HW
SHE
ARW ATE R
A
A1
ER VE
PINEDA CAUSEWAY
ES
TO I-95
PR
Mike and Bea Linda Jaffe REALTORS®
One of the largest commercial development purchases on the East Coast of Florida, a $13.5 million redevelopment site closed in Satellite Beach, announced Coldwell Banker Commercial Paradise of Vero Beach, Florida who represented the Seller.
PAR K
WAY
Bea Linda & Mike Jaffe, of Coldwell along with the Jaffe Commercial Sold Banker Paradise$13,500,000 SATELLITE BEACH - 27.44 acres, 398 unit redevelopment site JA F F E acre site. It was one of the largest parcels Group, represented the Seller BY of TaH E27.44 CO M M ER CIA L G ROU P remaining on the barrier island with ocean views, beach access, board walks and pavilions. The site was the former Patrick Air Force Base housing that was converted T H E JA F F E CO M M ERCIA L G ROU P to a private rental community known as Satellite Shores. site| Bea.Jaffe@ColdwellBanker.com is the last tract of BEA JAFFEThe | 321.213.5885 PARADISE MIKE JAFFE | 321.258.3443 | Michael.Jaffe@ColdwellBanker.com land consisting of Planned Unit Development zoning with a buildable height of 85 232 5TH AVENUE, INDIALANTIC, FL 32903 • 321-723-9500 feet and density for 398 units. The property is located at the NW TRUST corner of A1A and PROVEN RESULTS CBC.FLCOLDWELLBANKER.COM Shearwater Parkway, opposite High Tower Beach, Satellite Beach, FL. REPRESENTED BY:
Top 6% of Coldwell Banker Agents Internationally
Coldwell Banker Commercial Paradise has been working closely with community redevelopment projects throughout the Treasure and Space Coast and is the exclusive real estate brokerage firm for the City of Satellite Beach. “We are honored to help the City of Satellite Beach facilitate this important transaction. This redevelopment project will bring tens of millions of dollars to the City in Ad Valorem Taxes as well as millions of dollars in economic impact to the beach side community,” stated Mike Jaffe. The developer plans to build a very exclusive, high end gated community with price points of over $1 million. The development plan includes luxury two story penthouses of over 4,000 square feet with Atlantic Ocean views. “The Jaffe Commercial Group made a real difference in pulling both sides together for over a year to bring this luxury project to Satellite Beach”, stated Co-owner and Broker of Coldwell Banker Paradise, Steven Schlitt.
COLDWELL BANKER COMMERCIAL PARADISE COMMERCIAL TO THE CORE
89 SALES
with sales volume over
$45,000,000 year to date
We’re the company that gets things
DONE!
Coldwell Banker Commercial Paradise was formed with the union of Hoyt C Murphy, Inc Realtors in St. Lucie County and Coldwell Banker Ed Schlitt in Indian River County. Originally incorporated in 1949, we are an integral part of the history of St. Lucie County. With our global connections, we will help your business shape St. Lucie County’s future.
PARADISE cbc.flcoldwellbanker.com
CBC Paradise Closes Sale of Falcon Trace South
Hampton Jackson
Hampton Jackson of Coldwell Banker Commercial Paradise of Vero Beach, Florida who represented the Buyer, DR Horton, announced one of the largest Indian River County commercial land transactions in recent years. Jackson recently closed a 132 acre land development transaction.
The 132 acre site was one of the largest undeveloped parcels remaining in the South Corridor of Indian River County. “We are honored to help DR Horton facilitate this important transaction. This development represents hundreds of new homes for Indian River County at a time when inventory is tight,” stated Agent Hampton Jackson. “This deal, and the new construction it represents, demonstrates that the current housing market is strong and the construction industry is acquiring land inventory for a prolonged housing expansion in Indian River County,” stated Coldwell Banker Paradise Co-Owner and Broker Steven Schlitt. Coldwell Banker Commercial Paradise has been working closely with community redevelopment projects throughout the Treasure and Space Coast. Jackson and Coldwell Banker Paradise are working with a number of developers and builders acquiring land throughout the Treasure and Space Coasts areas. Currently the City of Satellite Beach and the City of Fort Pierce have chosen Coldwell Banker Paradise as their exclusive real estate brokerage to facilitate land acquisition and land sales from inventory focused on smart growth within the communities. DR Horton is the nation’s largest builder closing on over 30,000 homes in 2014 and has more than 300 communities underway in Florida with at least nine underway in Indian River County. “The homes that DR Horton is producing are helping to relieve the housing inventory shortage we are experiencing,” said Schlitt. Coldwell Banker Hampton Jackson Paradise is one of the top sellers of DR Horton built homes in Indian River County.
AERIAL VIEW OF FALCON TRACE
Phone (772) 460-2081
Philip Strazzulla
CBC Paradise brings Maverick Boats Expansion to St. Lucie
AIRPORT PARK COMMERCIAL SITE
Philip Strazzulla of Coldwell Banker Commercial Paradise has completed the Sale of the 36.34 acre Airport Park of Commerce Site to Maverick Boat Group for its continued expansion of the Maverick, Hewes, Pathfinder and Cobia Watercraft lines in a planned expansion of their manufacturing capacity in Fort Pierce, FL. Future plans for the property include the development of a new 250,000 square ft. marine related manufacturing facility for the 21 models of light tackle, flats and offshore center console fishing boats that Maverick builds in Fort Pierce. Maverick Boat Group and its president Scott Deal is a 30-year industry leader in design innovation, a fierce proponent of sustainable national recreational fisheries and marine conservation.
CBC Paradise Announces a recently closed 159 acre tract of “Old Florida”
Philip Strazzulla, Land Specialist of Coldwell Banker Commercial Paradise, has negotiated the sale of a 159.51 acre ranch property. The Buyers plan recreational improvements to preserve the land and continued ranching activities on this natural piece of “old Florida” forested property which is to be protected well into the future. The property is located in Section 26, Township 36 South, Range 37 East, lying west of Germany Canal Road with OC Ranch Holdings LLC for a recorded purchase price of $1,036,815.
Keith Kite
CBC Paradise Announces Sale of Medical Specialty Center of Vero Beach for $1,025,000
Keith Kite, representing the Kite Team with Coldwell Banker Commercial Paradise has completed the Sale of a 4,800 sf Class A medical office condo with a five year lease in place. The property is a built out medical office condo with multiple medical tenants in the building. The building is located near the Indian River Medical Center. The Kite Team represented the seller.
cbc.flcoldwellbanker.com
Phone (772) 460-2081
AVAILABLE PROPERTIES 2700 S KINGS HWY | FORT PIERCE LIST PRICE: $550,000 MLS: RX-10349772 Total care truck wash on 2.1 Acres located close to FL Turnpike and I-95 in St Lucie County with Love’s and Pilot Truck Stops almost next door. Full & express interior detailing for semi’s, tour buses, campers & passenger vehicles. CONTACT: Daniel Ochse 772-633-8200
700 22ND PL | VERO BEACH LIST PRICE: $1,400,000 MLS: 175315 CONTACT: Joseph Schlitt 772-360-6824 Joseph O’Neill 772-643-6824
1500 36TH ST | VERO BEACH LIST PRICE: $1,320,000 MLS: 183958 CONTACT: Kollin Kite 772-633-5640 Keith Kite 772-633-0292
00 PORT ST. JOHN PKWY | COCOA LIST PRICE: $189,900 MLS: 787765 CONTACT: Syble Clark 321-750-2208
8140 EVERNIA ST, 1-5 | MICCO LIST PRICE: $495,000 MLS: 794855 CONTACT: David Dale 772-538-8502
View all available properties at cbc.flcoldwellbanker.com
RECENTLY SOLD
MELBOURNE $3,750,000 Mike & Bea Linda Jaffe
SEBASTIAN $425,000 Dan Duffell 772-913-0350
FORT PIERCE
$1,000,000 FORT PIERCE
Hoyt C Murphy 772-971-7424
$1,000,000
Hoyt C Murphy 772-971-7424
64 Years of Real Estate Experience OUR MISSION
Coldwell Banker Commercial Paradise is a family of professionals dedicated to achieving results by creating exceptional experiences for our customers and communities through the passionate delivery of truly remarkable service.
A TRADITION OF EXCELLENCE
Proud of its history, grounded in tradition, and growing thanks to its values, Coldwell Banker Paradise is the area’s oldest and largest full-service Real Estate Company. Founded in 1953 by Ed and Marguerite Schlitt, and currently led by their son and daughter, Steven and Linda, the entire Coldwell Banker Paradise family of agents and staff proudly embrace the Schlitt principles of honesty, hard work and an unwavering commitment to outstanding customer and community service.
Linda Schlitt Gonzalez and Steven Schlitt Co-Owners and Brokers