Putnam Estates

DeLand, FL




Property Tour

Investment Overview

Well-located near downtown Deland and walkable to retail shops, restaurants, entertainment and jobs, Putnam Estates offers developers a 1.63 acre development parcel on the old Putnam Estates hotel site with grandfathered density and parking for up to 100 – 120 units

Investment Highlights

  • New ownership is afforded a multifaceted approach. Follow the Seller’s plan to rebuild a replica Putnam Hotel type building as a luxury multifamily community targeting a mix of working professionals, empty nesters and potentially students or reposition the asset as an active-adult community targeting a 55+ Baby Boomer clientele or redevelop the property with a mix of both residential and commercial
  • The subject property is in a Qualified Opportunity Zone which allows for incoming developers to gain significant tax advantages on previously earned capital gains

Location Highlights

  • The subject property is very walkable to a host of retail shops, restaurants, entertainment venues and places of employment and enjoys a healthy Walk Score of 79 which means most errands can be accomplished on foot
  • Deland’s historic downtown has a concentration of government employment as it serves as the county seat for Volusia County. In addition, Stetson University is a major demand driver as it is home to over 4,000 students and several hundred faculty members
  • Within a 15-minute walk area there are nearly 823,000 and 752,000 sf of retail and office space, respectively. Within a 10-mile radius those uses increase to 8.8 and 2.9 MSF, respectively, in addition to 6.5 MSF of industrial space


Casey Babb, CCIM
Executive Vice President
+1 813 217 0321

Rob Graham
+1 407 733 5764


THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by Colliers Florida Multifamily (“Broker”), exclusive listing broker for the Property, and the undersigned Purchaser (“Purchaser”) regarding the Property herein (“Property”). The obligation of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owner(s). PURCHASER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. The Owner of the Property has instructed Broker to deliver information concerning the Property, much of which is highly confidential, only to those potential purchasers who sign this Agreement. THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows: 1. Purchaser will not disclose, permit the disclosure of, release, disseminate or transfer; any information obtained hereunder (“Information”) to any other person or entity. 2. If Purchaser is a corporation, partnership, limited liability company or other non-natural legal entity, the person(s) signing this Agreement on its behalf will take all appropriate precautions to limit the dissemination of the Information only to those persons within the entity who have need to know of the information, and who are specifically aware of the Agreement and agree to honor it. 3. This Agreement applies to all Information received from Broker, now or in the future, which is not readily available to the general public. Purchaser understands that all information shall be deemed confidential, valuable and proprietary such that its unauthorized disclosure, even without intent to harm, could cause substantial and irreparable harm to Owner and Broker. 4. All information shall be used for the sole purpose of evaluating the potential acquisition of the Property, and it shall not at any time, or in any manner, be used for any other purpose. 5. Purchaser shall not contact directly any persons concerning the Property, other than Broker, without Broker’s or Owner’s written permission. Such persons include, without limitation, Owner’s employees, suppliers and tenants. 6. Purchaser acknowledges that it is a principal and not an agent on behalf of any other party in conjunction with the purchase of the Property (except Advisors working on behalf of their pension fund clients). Purchaser acknowledges that it is not working with any other broker or agent other than The Babb Group in connection with this transaction. 7. Neither Broker nor Owner makes any representations or warranty, express or implied, as to the accuracy or completeness of any information provided by them. Purchaser assumes full and complete responsibility for reconfirmation and verification of all Information received and expressly waives all rights of recourse against Owner and Broker with respect to the same. 8. The Persons signing on behalf of Purchaser and Broker represent that they have the authority to bind the party for whom they sign. 9. This Agreement shall be governed and construed in accordance with the laws of the State of Florida. 10. No outside broker represents Purchaser. Purchaser is working with Colliers Florida Multifamily, specifically The Babb Group. Furthermore, Purchaser indemnifies Broker and owner against any commission claims by brokers on this listing or any listing by the Babb Group for the six months following the date of this agreement.