Mariners: The owners of Charlotte County-based All Marine Canvas One have bought a 5.79-acre commercial property in Punta Gorda. Doug and Sally Buuck paid $320,000 for the property. According to a spokesperson for LSI Cos., which brokered the deal, it is believed that the couple will use the newly acquired land for their business to expand. The property is at 27761 Bermont Road at the intersection with Sunset Boulevard East and just a quarter of a mile from U.S. Highway 17. LSI says the seller was Suncoast Trucking Academy which, according to county property records, paid $100,000 for the property in 2015.
Iron works: A 2.21-acre industrial property in Fort Myers has sold. The buyer is a Cape Coral contractor going by the name of Ironbridge RE Holding. It paid $935,000 for the property at 3623 Ironbridge Blvd. Stan Stouder, founding partner of the Fort Myers commercial real estate firm CRE Consultants, says the buyer may develop it for its own use or on spec. Stouder, who represented seller Lyndon Investments USA, knows the area well, selling several nearby lots over the years “at lower prices, evincing the increase in lot values over time.” Near the just-sold property, he says, Superior Fence bought 3622 Ironbridge Blvd. in August 2021 and developed the property. Lee County property records show it paid $450,000.
Sure, but when?: The oft delayed and budget busting Sunseeker Resort Charlotte Harbor has unveiled details on what its rooms will look like. The Allegiant Travel Co. owned resort says in a statement that each guest room will come with Sealy Posturepedic mattresses along with 300-thread count Egyptian cotton sheets and have “smart phone enabled side tables,” ceiling fans, laptop safes, double-sink bathroom vanities and oversized walk-in showers. The one-, two- and three-bedroom suites will have living and dining areas with chef-level kitchens equipped with Sub-Zero/Wolf stainless steel appliances, water views and balconies. What the statement didn’t say is when the resort would open, only saying “later this year.” The company announced last month that it wouldn’t open in October as planned but didn’t give an opening date. When complete, the $695 million Port Charlotte resort will have 785 guest rooms, including 189 suites.
Apartment flip: Eagle Property Capital Investments and Belay Investment Group have sold the 361-unit Captiva Club Apartments in Tampa. Eagle Property, which announced the sale, declined through a spokesperson to disclose the sale price or the buyer. But according to Hillsborough County court records, the property sold to a group of investors led by an LLC named Captiva Club Investment Group. The deed shows the group paid $320,197.50 in documentary stamps, which translates into a $45.7 million sale price. Eagle bought the property in 2016 for $32.7 million and spent $4.3 million on improvements. It also added 17 units to the property. In a statement announcing the sale, Eagle says that during its ownership the “average leased rent per unit increased by 59.8% and revenue increased by 47.3%.” The complex at 4401 Club Captiva Dr. was built in 1973. Available units range from a 605-square-foot one bedroom starting at $1,400 to a 1,500-square-foot three bedroom starting at $2,245.
Go aloft: A New York-based hotel investment firm has bought the Aloft Tampa Downtown Hotel. The company, Newbond Holdings, would not disclose the sales price and public records had not been updated as of Sept. 6. The 130-room hotel sits on the Tampa’s riverwalk and has a waterfront pool, event spaces and a bar and lounge. In a statement, Newbond says it plans a major renovation that will include guestrooms, public areas and the pool deck. This is the third hotel Newbond has bought in the city in recent years citing “our conviction in the long-term Tampa growth story.” The other two properties are the Sheraton Tampa Riverwalk, which it bought for $45 million in October 2022 and renamed Hotel Tampa Riverwalk, and the Westin Tampa Waterside on Harbour Island which it bought for $67.5 million in 2021. Aloft’s previous owner was Charlotte, North Carolina-based Pharos Hospitality. According to county property records it paid $27.2 million for the hotel in 2015.
A good couple of weeks: Two undeveloped properties in south Sarasota County have sold. According to SVN Commercial Advisory Group, which helped broker both deals, the pieces of land — one in Venice and one in North Port — will be developed commercially. In all, the two deals totaled 5.53-acres and $3.1 million. The Venice property, on the northwest corner of U.S. Highway 41 and North River Road, sold to an LLC with a Nokomis address, SRI GMR Properties. The 2.68-parcel sold for $2.1 million. The second property is at 1001 Innovation Ave. in North Port. SVN says the 2.85-acre piece of land was the last of 10 acres previously owned by Toledo Blade developers. The buyer, Diventi Blade, paid $1 million.
If you have news, notes or tips you want to pass along, contact LLLov[email protected]. Or you can text or call 727-371-6944.
Louis Llovio is the commercial real estate editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.