Kent Cooper, CCIM, a CFCAR past president, was awarded Deal of the Year and 17 other awards were presented.
Built in 2017, the community offers 114 independent living, 73 assisted living and 36 memory care units.
David Vaughan and Ray Turchi, investment specialists in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a private local investor. The buyer, WS Properties of Orange County, LLC, was also procured by Vaughan and Turchi.
The 38,537-square-foot portfolio was 88.2% leased with a weighted average lease term of over 5.5 years.
Cresa Orlando’s Sarah Castor represented Florida Cancer Specialists, and Colliers’ Matthew McKeever and Rick Solik represented the landlord in the deal.
The final agreement is set to go before the Lake County Commission on July 27.
Rand says he is excited to help CFCAR grow and is impressed with the power brokers joining him on the 2021 board of directors.
Senior Associate Stephanie D’Amico handled the leasing for SRG, a division of the full-service real estate development firm, Stiles.
In the same meeting where a study reported a $799 million loss in revenue for Winter Park as a result of COVID-19. CLICK ON THE HEADLINE FOR MORE
The commissioners voted unanimously for county code amendments which allow for companies to defer the payment of impact fees and to exempt the payment of transportation impact fees for change-of-use permits up to $100,000. CLICK ON THE HEADLINE FOR MORE
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