In the Media
The Graydon Group, LLC continues to push the boundaries making news headlines with our new initiatives. The launch of Paddock-1 Premium Garage Condos was featured in DuPont Registry, infamous for knowing the who’s who in the luxury automotive industry. Here are a few of our most recent noteworthy mentions being talked about including our exciting groundbreaking in October of 2021.
Making Moves: Sean Murphy
Featured in: Business in Tampa
Article by: Jake Kurtz
Publish Date: October 8, 2021
Original Article: https://businessintampa.com/making-moves/making-moves-sean-murphy/
Making Moves: Sean Murphy
Sean Murphy grew up in Maryland before attending the University of Tampa where he majored in Entrepreneurship. Sean, wife Leanne, and 2 girls love the ever changing city of Tampa where they take part of all the attractions and outdoor activities the city has to offer.
Sean has always wanted to build and create. His position as Principal and CEO of a private investment firm gives him the opportunity to build, grow, and start multiple companies.
New Company: Paddock1 Premium Garage Condos, Principal & CEO
New Company’s Website: Paddock1 Premium Garage Condos
What are you most excited about with your new venture?
“As a UT grad and Tampa resident raising my family here I am very excited to build our flagship Paddock1 in Tampa. It is an honor to be a part of the redevelopment and growth of the Downtown Tampa, Ybor, and surrounding areas.”
Connect with Sean Murphy
Paddock1 Brings Luxury Garage Condos to Tampa Bay
Featured in: Business in Tampa
Article by: JAKE KURTZ
Publish Date: October 8, 2021
Original Article: https://businessintampa.com/news/paddock1-brings-luxury-garage-condos-to-tampa-bay/
Paddock1 Brings Luxury Garage Condos to Tampa Bay
TAMPA, FL – Paddock1, a state-of-the-art, premium garage condo community
just minutes from downtown Tampa, had its official groundbreaking this past Wednesday.
The project is set to be the first of its kind to be complete in the Tampa Bay area and is part of a growing trend of upscale automotive-focused garage condos to meet demand for high-end car storage in southwest Florida and the nation.
“Lack of space is really a source of frustration for car collectors and enthusiasts,” said Sean Murphy, CEO of Paddock1. “We wanted a concept that not only provided a practical storage solution, but one that also provided a social outlet for our community of owners here in Tampa Bay. We’re excited to begin our countdown to opening day, and look forward to future expansion in both the Orlando and Atlanta markets.”
Upon completion, Paddock1 will offer 61 customizable, individually-owned, luxury garage condos ranging from 1,000-1,400 sf. Units begin at $255,000. Each climate-controlled unit is pre-engineered for a second-floor loft area, which most buyers to date are taking advantage of, as well as car lifts to accommodate multiple vehicles. Each unit also comes with a finished bathroom, an amenity many projects of this nature do not offer.
Gated access, 24/7 security and video surveillance, and hurricane-resistant, steel construction are just some of the benefits to offer buyers peace of mind for protecting some of their most prized possessions.
The community also has no shortage of exclusive community amenities to help owners enjoy their investment as well. A 3,000-square-foot clubhouse features temperature-controlled private wine and cigar lockers, an owner’s lounge and bar area, private conference room, specialty showroom, and indoor and outdoor event spaces with a covered patio. A variety of monthly owner’s events and specials are also planned.
Located at the corner of Adamo Drive and 34th Street, the project is nearly 50% sold out. Nest & Nook, a new construction development division powered by Berkshire Hathaway HomeServices (BHHS) Florida Properties Group, is handling sales. A grand opening is scheduled for summer 2022.
Check out this video showing a preview of Paddock1.
About Paddock1:
Paddock1 is a state-of-the-art, premium garage condo community for luxury car enthusiasts, just minutes from downtown Tampa. It provides a private, secure storage solution for like-minded individuals and offers a variety of customizable, climate-controlled spaces that you own. Expansion is planned in both the Orlando and Atlanta markets. For more information, visit paddock-1.com or connect via Facebook or Instagram.
Tampa’s first ‘garage condos’ are coming. What are those?
Featured in: Tampa Bay Times
Article by: Bernadette Bedychoski
Publish Date: October 8, 2021
Tampa locals become first to bring “Garage Condo” community to Tampa Bay
Tampa is poised to get its first car condominiums next year.
Paddock1 has begun construction on a “luxury garage condo community” in Tampa at Adamo Drive and 34th Street, the company announced.
So what is a car condo, anyway? Paddock1 is a garage that offers high-end storage space for cars and other motor vehicles, project founder and Tampa native Sean Murphy told the Tampa Bay Times. Users will own the real estate rather than paying rent. It’s similar to a condominium because there’s a shared community space and an association, Murphy said.
Paddock1, a reference to both where race cars are stored and Formula 1 international racing, will have 61 units ranging from 1,000 to 1,400 square feet. The largest condo is set to fit nine cars comfortably and lifts could double that number. Units range in price from $255,000 to $345,000 and owners would pay fees between $85 to $125 each a month.
While Murphy said the garage condo is being marketed to car collectors, he also spoke with people interested in using the storage space for boats, RVs, a music studio or as a controlled environment for an art collection.
Multiple garage condos have popped up around Florida in the last few years. The Wheelhouse and the Fortress opened in Jacksonville, and the latter is expanding into St. Augustine. Naples Motors Condo is building also second location.
Murphy said he and his partner Jordan Farrales wanted to bring the idea to the Tampa Bay area.
Sales on luxury goods, from high-end cars to boats and jet skis, performed well over the last year despite the pandemic. Lamborghini, for example, had the best six months of sales ever during the first half of 2021, the company reported in July. Boat and RV sales boomed last year in Tampa Bay, and companies struggled to keep up with demand.
”There’s been a huge demand for all these vehicles, and people come to realize you may have an HOA that doesn’t allow you to store it outside or you want to keep it nice,” Murphy said. “Looking for storage opportunities, there’s just not that much readily available.”
While some people would spread out their collections across different storage areas, Murphy said Paddock1 would be a single destination close to downtown Tampa.
Nearly half of the units have been sold ahead of construction, Murphy said. Units come with a bathroom, hurricane protection for up to 150 mph winds, insulated steel doors and are equipped for internet.
Condo owners can meet in the 3,000-square-foot clubhouse with a lounge and bar, temperature-controlled wine and cigar lockers, conference room, a specialty car showroom and event space.
The CRE Hustle EP 13: Sean Murphy – CEO Graydon Group and Paddock One Garages
Featured in: The CRE Hustle, Episode 13
Article by: Brandon Chapman
Publish Date: October 4, 2021
Original Article: https://www.youtube.com/watch?v=MLQo6gbFk8k&t=17s
The CRE Hustle EP 13: Sean Murphy – CEO Graydon Group and Paddock One Garages
Welcome to the CRE Hustle show. CRE Hustle is the #1 Video and Podcast show on commercial real estate related topics. Your host Brandon Chapman provides valuable insight on market trends and strategies by connecting you with commercial developers, brokers, investors and business owners. Today’s guest is Sean Murphy he spent his early career in medical sales; soon thereafter, investing in his first medical company. He quickly decided to combine his efforts with his brother and father in creating “The Graydon Group”; a private investment group that is focused in venture capital and real estate. $40M+ in device sales; $100M+ in medical company acquisitions and real estate. Furthermore starting a recent development and passion project “Paddock One” – state-of-the-art customized luxury garage complex in Tampa, FL.
Paddock1 Takes First Place Amongst Tampa Residents
Featured in: DuPont Registry
Article by: Edward Jones
Publish Date: August 6, 2020
Tampa locals become first to bring “Garage Condo” community to Tampa Bay
A Country Club for Car Enthusiasts
Golf lovers have country clubs and avid boaters have marinas – what do car enthusiasts have? That is the question that sparked owner Sean Murphy’s inspiration for Paddock1 – Premium Garage Condos in Tampa, Florida. “I wanted a concept that provided both a social outlet for car lovers with a unique and practical storage solution,” said Sean – and that’s how Paddock1 was born, a first of its kind for the Tampa Bay Area.
Like their slogan says, “Track Inspired – Community Driven” Paddock1 draws its name inspiration from the infamous paddocks used in racing to store cars, trailers and team equipment. But they didn’t just stop at bringing a high-end, secured storage solution to Tampa Bay – instead they upped the ante by creating a one of a kind, private & engaging community aspect to go along with it.
Construction has already begun on the private community of 66 individually owned garage condos just outside of Downtown Tampa. Each unit, ranging in size from 1000 – 1440 sq. ft. can be fully customized to suit the owner’s personal needs. 24% of those units were already pre-sold prior to breaking ground at the end of April, despite the Covid-19 pandemic. Most unit buyers will be adding an optional second floor loft to serve as a lounge area, with their prized cars stored beneath. With more wild additions, including sports bar themed lounges, indoor putting greens, personal gyms, and even a cigar smoking room – your options are virtually endless.
The gated complex will also boast a two-story 3000 sq. ft. member’s only clubhouse designed with luxury showroom type finishes. It will feature ample televisions, private conference room, lounge & bar areas, and private temperature-controlled lockers for wine & cigars. The clubhouse will be the heart of the Paddock1 community and play host to a variety of events. These events include everything from private track days at the historic Sebring International Raceway, to a private unveiling of the latest exotic car from a partner dealership.
Read the full article on DuPont Registry. Click here to continue reading.
CenterOne Surgery Center sells for $25.7 million
Ohio-based Welltower bought the Deerwood Park medical building as part of the CNL Healthcare Properties portfolio.
Featured In: Jax Daily Record
Article By: Daily Record Staff
Publish Date: May 21, 2019
Original Article: Click here.
Welltower Inc. and CNL Healthcare Properties announced May 15 that Welltower completed the purchase of a Class A health care facilities portfolio for $1.25 billion.
That included the CenterOne Surgery Center medical office building at 10475 Centurion Way N. in Deerwood Park for $25.7 million. The three-story, almost 100,000-square-foot building was developed in 2006.
It was assessed for tax purposes at almost $17.6 million.
“The sale of our 55 building, Class A medical office portfolio to Welltower represents a strong, early value realization step for CNL Healthcare Properties and our approximately 45,755 stockholders,” said Stephen Mauldin, president and CEO of CNL Healthcare Properties, in the release.
Welltower is based in Toledo, Ohio. CNL and Welltower are real estate investment trusts.
