Avison Young to Manage Court Ordered Sale of Monarch Ranch
Avison Young’s Florida Capital Markets Group has been tapped to spearhead the court-ordered sale of Monarch Ranch. The approximately 3,400-acre industrial development is located in Sumter County, FL.
One of the largest vacant sites between the Orlando and Tampa Central Business Districts, the property is ideal for distribution use. The buyer will have the opportunity to construct millions of square feet of industrial space – provided the zoning and development order is approved for such use – at the convergence point of Interstate 75 and Florida’s Turnpike.
The existing future land use map designation encourages industrial use. The property directly borders CSX’s main eastern seaboard freight line, allowing for potential on-site connectivity to a ±20,000-mile rail network serving 23 states.
Avison Young Principals Jay Ziv, John K. Crotty, Michael T. Fay, David Duckworth, and Brian de la Fé will lead the marketing and sale of the property.