Crosstown Parkway Sale
NAI Southcoast has announced the sale of a 1.84-acre commercial site in the highly desirable Tradition area in St. Lucie County.
The fastest growing town on the Treasure Coast, Tradition is a family-oriented community that also boasts a robust and active senior population.
With an approved site plan for 13,725 square feet of retail and restaurant space, the parcel benefits from location on a major east/west thoroughfare one mile easy of I95. It is also located in near proximity to the upscale PGA Verano community.
The Seller and buyer were represented by NAI Southcoast. The property had a short marketing period with multiple offers, ultimately the sellers decision came down to timing and terms of the final offer.
“Despite rising interest rates, demand for well-positioned properties in the heart of continued population growth remains strong. The transaction closed in line with original pricing guidance, a tribute to strong tenant demand for the proposed space. Our team was able to secure letters of interest to lease space during the buyers’ short due diligence and closing time,” said Nikolaus M. Schroth, Principal of NAI Southcoast.
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