Franklin's Sabal Park Properties buys 30-acre Palm River Road land

BUYER: Sabal Park Properties LLC (principal: David Franklin), Tampa
SELLER: Rentokil Initial Environmental Services LLC
PROPERTY: 8417 Palm River Road and additional land on Palm River Road, Tampa
PRICE: $1.5 million
PREVIOUS PRICE: $400,000, May 1994
TITLE FIRM ON DEED: Tampa Title Co., Tampa

PLANS, DESCRIPTION: Sabal Park Properties LLC, an affiliate of Franklin Property & Development Group, purchased 29 acres on Palm River Road housing two industrial buildings for $1.5 million.

The price equated to $51,617 per acre.