Newly Built Industrial Facility Trades To New Owner
Completed in 2023, Building 100 is a state-of-the-art facility that offers 40-foot clear heights, a 60-foot speed bay, dock levelers, 450-foot building depth and a 185-190-foot truck court.
Completed in 2023, Building 100 is a state-of-the-art facility that offers 40-foot clear heights, a 60-foot speed bay, dock levelers, 450-foot building depth and a 185-190-foot truck court.
The borrower, Reich Brothers I LLC, used the bridge loan to acquire the Space Coast property and prepare it for occupancy by its sole tenant, Blue Origin, an aerospace, defense and space exploration company backed by Amazon founder Jeff Bezos.
The park will be built on the roughly 165 acres of land it will purchase from the Orlando Utilities Commission.
The 142-acre tech park will also include restaurants, grocery stores, hotels, offices, and other commercial uses.
Located at the corner of NW 35th Street and NW 27th Avenue, Ocala Logistics Center features 196 parking spaces, 96 trailer drops, ESFR sprinkler systems and 36-foot clear heights.
Tanner has dedicated her 17-years as an agent and broker toward advancing Central Florida’s office, medical, industrial and property management sectors — as well making significant improvements toward the value of membership in the Florida CCIM Chapter.
Ken Hobson, senior associate in Marcus & Millichap’s Orlando office, represented the seller and procured the buyer in the transaction.
McCraney Property Co., plans to develop the industrial park on a 40-acre site at 1290 Ocoee Apopka Road.
This year, commercial space companies are invited to submit applications for Space Florida’s Space Transportation Infrastructure Matching Fund – requiring a private match of 50% or greater – to help meet current and future commercial and public sector space transportation needs.
TerraCap purchased the asset in October 2020 for $24,000,000.
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