CBRE Arranges $25 Million Sale Of Office/Industrial Complex In Orlando
Ronald J. Rogg, Executive Vice President with CBRE, represented the seller in the transaction.
Ronald J. Rogg, Executive Vice President with CBRE, represented the seller in the transaction.
The 19-acre site will consist of two 46,800 square foot buildings with flex space that includes office and industrial uses, 160 parking spaces, and five acres dedicated to outdoor storage.
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Jared Bonshire, David Perez, Taylor Zambito, Ryan Hubbard, Sara Bravo and Jasmine Yarbrough of Cushman & Wakefield have been tapped to lease the project.
The property comprises eight buildings situated on 20 acres and features 18- to 20-foot clear heights and rear-load capabilities.
Derek Riggelman of Lee & Associates represented the undisclosed seller in the $9.8 million transaction.
The initial phase of construction is expected to commence in the fourth quarter of 2024 with completion and occupancy anticipated in 2025.
Basis President/COO Anthony Scavo and Head of Acquisitions Ahmad Elayyan represented the company in the off-market transaction.
Located at 444 Hermit Smith Rd. on a 79-acre industrial site in the Apopka submarket of Orlando, the project will be developed by developer Trammell Crow Company and include three buildings. The first phase of Apopka Business Center is expected to be completed in 1Q 2025.
The 200,000-square-foot park, which is made up of several small bay industrial buildings, is fully occupied.
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