Tuesday, November 9, 2010

NAI Realvest Completes $1.499 Million Sale of 10,500 SF St. Cloud Buffet City Restaurant


ORLANDO, FL  -- NAI Realvest recently negotiated the sale of the 10,523 square foot Buffet City restaurant and its 2.02± acre site at 4551 13th St.in St. Cloud for $1,499,000. 

Paul P. Partyka (top right photo), managing partner at NAI Realvest, who represented the seller, Sooner Investment or Sooner St. Cloud LLC of Melbourne, said the property was purchased by local investment firm, Sun Valley Eastern Investments LLC.   

NAI Realvest principals Kevin O’Connor (middle left photo) and Matt Cichocki (lower right photo)  represented the buyer. 

This is the sixth buffet style restaurant transaction the NAI Realvest team has transacted in the past 18 months, with three other buffet restaurant transactions pending, Cichocki said. 

“Consumers are attracted to the buffet value offering and the growing trend away from a pure Asian buffet to an American-Asian mixed offering,” Cichocki explained.

For more information, contact:

Paul P. Partyka, Managing Partner, NAI Realvest, 407-875-9989 ppartyka@realvest.com;
 Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com;
 Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

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