Tampa, FL – Commercial real estate investment and brokerage firm 3 Properties announced that it has orchestrated the sale of a portfolio of five triple-net lease properties in two of Florida’s – and the nation’s – fastest growing communities.
The properties, located in Florida’s Lake Nona and Lakewood Ranch communities, were sold by a large regional real estate development company for $23.3 million to an unnamed buyer. The aggregate capitalization rate on this transaction is 5.08 percent.
“We’re delighted and proud to have been chosen to help with this significant real estate sale,” said 3 Properties CEO and Founder David Sobelman.
Lakewood Ranch is a master-planned community of about 31,000 acres, located in Florida’s Manatee and Sarasota counties. Lake Nona is a 17-square-mile mixed-use planned community within the city limits of Orlando.
A triple-net lease is defined by a building tenant agreeing to pay a monthly lump-sum base rent, as well as property taxes, property insurance and maintenance costs.
3 Properties is a forward-thinking net lease investment company that offers brokerage, consulting, and asset management. Learn more at 3-Properties.com