Former Platinum Bank building closes for $1,825,000

LAKELAND, FL September 5, 2017 – David Hungerford, Sales Associate and Gary Ralston, CCIM, SIOR, SRS, CPM, CRE, CLS, CDP, CRX, FRICS, Owner & Broker of Coldwell Banker Commercial Saunders Ralston Dantzler Realty (CBCSRD) recently represented CenterState Bank, N.A. in a $1,825,000 transaction (approximately $440 per SF). The property was 1285 1st Street South, Winter Haven, Florida, a 4,176 square foot Class A Bank building.
CenterState Bank opened its first branch as a Winter Haven-based community bank at this location in 2000 before moving to its current location one block north on 1st street. CenterState acquired this location with the purchase of Platinum Bank earlier this year and are pleased with the results of this sale.

“CenterState looks forward to seeing how this location will continue to serve the Winter Haven community,” states Mark Hill, Vice President, Special Assets Manager of CenterState Bank. This is the third closing in which CBCSRD represented CenterState Bank in the previous calendar  year. CBCSRD is currently marketing 724 South Florida Ave., Lakeland, Florida, which was also a Platinum Bank Branch.

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About Coldwell Banker Commercial Saunders Ralston Dantzler Realty

Coldwell Banker Commercial Saunders Ralston Dantzler Realty (CBCSRD) is located in Lakeland, Florida and is Florida’s I-4 corridor’s premier commercial real estate firm. We offer unique positioning of properties utilizing our intimate knowledge of local markets, a recognized national brand, and a global reach through our Coldwell Banker Commercial offices worldwide who have achieved a $5 billion total amount in investment sales and leasing transactions 2016.

Founded by three highly-recognized CCIM-designated Florida brokers, the company brings together experts on all aspects of real estate. We provide services to land and commercial clients through both CBCSRD and our land brokerage, Coldwell Banker Commercial Saunders Real Estate. For more information, please visit SRDcommercial.com