Basis Industrial Closes The Year With $36.5 Million Orlando Acquisition
TerraCap purchased the asset in October 2020 for $24,000,000.
TerraCap purchased the asset in October 2020 for $24,000,000.
The acquisitions total 254,000 square feet.
Ron Rogg of CBRE represented TerraCap in the sale transaction.
The multi-tenant complex is 98% leased to 28 tenants across multiple suites. The properties are situated on a 12.28-acre site, which features 521 surface parking spaces.
Kent Cooper, CCIM, a CFCAR past president, was awarded Deal of the Year and 17 other awards were presented.
Infinity Properties is one of Florida’s top buyers for light industrial flex product, acquiring 27 buildings and over $75,000,000 worth of deals in 2021.
The 75,000-square-foot property Includes 50,000 square feet of office space, warehouse and dock-high loading.
The three recent acquisitions total just under $20 million dollars.
Rand says he is excited to help CFCAR grow and is impressed with the power brokers joining him on the 2021 board of directors.
Orlando International Business Center is comprised of six single-story office/flex buildings totaling 196,000 square feet. CLICK ON THE HEADLINE FOR MORE
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