Realty Capital Closes $3M in Lease/Sale Deals

ORLANDO-Gearing up for a strong fourth-quarter transactional finish, locally based Realty Capital/TCN Worldwide has closed $3.4 million in leasing and sales deals in the last 30 days.

The firm handled the $1.4 million sale of the 50-unit, 100%-leased Bottlebrush Apartments in Palm Bay, FL to Bottlebrush Apartments Inc. of Palm Bay. New York-based SE Residential East LLC sold the Flagler County property for $27,500 per unit. Realty Capital vice presidents Edward P. Rogner Sr. and Karen A. Rogers oversaw the transaction.

In a second sale, Realty Capital’s Austin Caruso Jr. and his son, Quentin Caruso, negotiated for locally based Hughes Supply Inc. in the $650,000 disposition of a 22,500-sf, 34-year-old industrial building in Leesburg, FL. Dolphin Building Materials bought the 3.8-acre property at 111 North Lake Ave. for $29 per sf. Hughes formerly used the site as a local office (3,548 sf) and warehouse (18,952 sf).