Ferg’s Depot on the market while owner searches for equity investors

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Ferg’s Depot (Facebook | Website) on Church Street has been listed for sale for $4,700,000.

Bungalower spoke with the owner, Mark Ferguson, who informed us that they are currently dealing with repayments for a substantial bridge loan that was making it difficult to move forward.

Ferguson is actively seeking equity investors for both of his Orlando and St. Pete locations, the latter of which is largely debt free. He decided to list the property in case a new investor would like to take it off of his hands, but would be open to leasing the property back or coming to some mutually beneficial terms.

A 28-story multi-use project, Tremont Tower, is being planned for an adjacent parcel, just off Church Street, which will host a 180-room hotel, 206,600 SF of office.

Click HERE to see the listing on LoopNet or HERE to see a previous photo tour we took of the property when it first opened.

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