TerraMap Properties Finalizes Acquisition Of Casselberry Industrial Property After Two-Year Negotiation

After more than two years in the making, TerraMap Properties has closed on the $3 million acquisition of the industrial property located at 1495–1511 Seminola Blvd. in Casselberry.

The transaction was brokered by Felipe Escobar of APEX Capital Realty, who represented TerraMap Properties throughout the process.

Madison Capital Group served as TerraMap Properties’ primary equity partner, providing ongoing strategic and investment support. Debt financing for the deal was led by BEB Capital, spearheaded by Sean Silverbrook, whose leadership helped secure the necessary funding to bring the acquisition to a close.

This milestone reflects both the company’s strategic patience and its commitment to expanding its presence in one of Central Florida’s most competitive industrial submarkets.

Situated in a prime industrial corridor, the 29,040-square-foot property benefits from Casselberry’s strong connectivity to major highways, including SR 436, US 17-92, and I-4, which provide quick access to the broader Orlando metropolitan area and Florida’s key distribution hubs. This accessibility has made Casselberry an attractive choice for companies looking to expand or relocate within Central Florida.

TerraMap Properties has announced plans to invest in significant property enhancements, including beautifying the building’s exterior, improving tenant spaces, and upgrading common areas. The goal is to strengthen the property’s curb appeal and create a work environment that continues to draw high-quality tenants who value both the location and the surrounding community.

“From the start, we knew this property had the right fundamentals,” said Miguel Pinto, Founder & CEO of Apex Capital Realty. “It offers excellent access, strong tenant demand, and sits in a growing market. With our planned improvements, we believe it will become one of the most desirable industrial properties in the area.”

The acquisition comes at a time when Central Florida’s industrial sector is experiencing record demand, fueled by the region’s population growth, expansion of e-commerce, and increased need for distribution facilities. According to recent industry reports, Orlando’s industrial vacancy rates remain among the lowest in the state, with rental rates continuing to rise year-over-year.

This competitive environment makes well-located properties like 1495–1511 Seminola Blvd. especially valuable. For tenants, the Casselberry location offers not only logistical advantages but also proximity to a large and growing workforce. For investors, it represents a rare opportunity to secure a property in a tight, supply-constrained market.