Knightvest Capital Continues Orlando Expansion With Latest Acquisition
Knightvest plans to renovate the majority of the 332 units and make substantial upgrades to the community’s amenities and common spaces.
Knightvest plans to renovate the majority of the 332 units and make substantial upgrades to the community’s amenities and common spaces.
The 103,830-square-foot-property at 4520 S Semoran Blvd is currently 99% occupied.
The sale marks one of the largest retail real estate sales in the Orlando Metropolitan Area in the last five years.
JLL Managing Director Micah Strader and Senior Associate Madison Kimbell represented the building’s ownership in the lease negotiations. The tenant was represented by Andrei Savitski of CBRE.
The firm purchased the 209,000-square-foot property for $33.25 million.
The property boasts a 92.3% occupancy rate.
The acquisitions total 150 acres.
Senior Vice President Louie Granteed represented the landlord in the transaction and exclusively handles all retail and restaurant leasing at the property.
The asset sold for $11.5 million.
Mary Frances West, CCIM and Stian Funk represented the landlords in the transactions.
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