Lutz, FL – Bank of America – Ground Lease

Property Overview

East Coast Interest in Florida

This sale was an East Coast client of Colin’s that was in a 1031 exchange out of a sale of a vacation home. Colin was able to source this property and assist in negotiating and securing this deal for his client.

The buyer was attracted to this Bank of America due to strong bank deposits, the banks recently extended lease showing commitment to the site, low rent per SF, as well as the attractive Tampa MSA. From Contract to close the buyer was able to consume the transaction in 40 days.

Key Details

Transaction Date
2021