The newly constructed build-to-suit property was built for Sanitas Medical Center, which currently occupies the property. The Tenant signed a 10-year lease with over 9 years remaining with an annual increase at the time of the sale.
The HALLMARK Awards event is scheduled for July 24th, 2024.
The Buyer plans to transform the building into medical related use and integrate it as an extension of the HCA medical campus. It was previously leased to Rasmussen College.
In honor of the New Year, here are the most popular news headlines of 2023 on CRE-sources.
The acquired portfolio comprises three distinct business parks situated in Altamonte Springs.
EML Realty Partners bought and sold over 15 properties in 2023 with a combined value of $60 million.
Ferguson Plumbing Supply has been the tenant in both of these buildings since 2006. The purchase price of these buildings, around $50 per square foot, was less than the land value alone.
“This property offers significant upside as the Cape Canaveral port and space coast areas continue to develop around this property. Elon Musk and Jeff Bezos are investing billions in this space coast area and there is very limited supply of industrial properties around the port, said Eric M. Levitt, founder of EML Realty Partners.
Eric Levitt, founder of EML Realty Partners, Dan Flamholtz and David Berg, Principals of Greenspring Realty Partners, worked together as partners in Maryland before Eric moved full-time to Florida in 2016.
At CFCAR’s 25th Annual Hallmark Awards, which was held at The Monroe in Downtown Orlando’s Creative Village on Wednesday night (June 21st), award winners were honored and celebrated.