Monterey Private Capital buys Delaney Creek land

BUYER: Pacer Financial LLC (Monterey Private Capital), Pointe Vedra Beach

SELLER: CRM Florida Properties LLC

PROPERTY: a portion of Falkenburg Road south of Progress Boulevard, Riverview

PRICE: $950,000

PREVIOUS PRICE: $2.98 million, March 2008

LAW FIRM ON DEED: Hill Ward Henderson, Tampa

PLANS, DESCRIPTION: An affiliated company of Pointe Vedra Beach's Monterey Private Capital purchased the 49.33-acre Delaney Creek property south of County Road 676 for $950,000.

The two-parcel property features 25.6 acres of usable land. It is zoned for either up to 374 townhomes or 30,000 square feet of commercial space and 320 apartment units.

The property was previously owned by CRM Florida Properties, an entity owned by SunTrust Bank.

Nancy Surak of Eshenbaugh Land Co. in Tampa represented the seller.