Search
 

Ohio's MAS Buys Apartment Tract

HAINES CITY, FL-The Columbus, OH-based developer plans an undetermined amount of units on a 22-acre tract it is buying for $1.6 million or $72,727 per acre ($1.67 per sf) from Southern Dunes Properties Inc. of Haines City, 40 miles southwest of Downtown Orlando.

By Alex Finkelstein | Updated on July 10, 2001

HAINES CITY, FL-Columbus, OH-based Mas Cos. is paying locally based Southern Dunes Properties Inc. $1.6 million or $72,727 per acre ($1.67 per sf) for a 22-acre multifamily-zoned tract 40 miles southwest of Downtown Orlando. The site is on Southern Dunes Boulevard, off U.S. 27 in Haines City.

Mas is buying the dirt in two development phases. In its initial purchase, the developer is paying $1.09 million or $78,286 per acre ($1.80 per sf) for 14 acres. The remaining land will be purchased at an undetermined date.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.