Cushman & Wakefield has arranged a $14.5 million sale leaseback for the GES industrial distribution facility in Orlando.
Skye Cook, Brad Torell, Jared Bonshire, David Perez, Taylor Zambito, Rick Colon, Mike Davis and Rick Brugge of Cushman & Wakefield represented GES in the transaction. Jay Eisenberg and Scott Eisenberg, managers for Sand Lake 4805 LLC, an affiliate of Coral Springs, Florida-based Eisenberg Investment Group, acquired the property. They are active owners, managers and acquirers of industrial and commercial real estate properties.
“This property fits right into our wheelhouse, expands our Orlando presence further and cements our continued commitment to the Orlando and central Florida industrial market,” Scott Eisenberg said.
Located at 4805 W. Sand Lake Road, the 192,700-square-foot property is situated on 17 acres and services GES’s regional and international operations.
“This transaction highlights the investment market’s continued appetite for in-fill industrial positions within Orlando, as well as increased value associated with surplus parking and outside storage, which has often been overlooked by institutional investors in Central Florida,” Bonshire said.
Situated within the Orlando Central Park submarket, the property benefits from its proximity to arterial road systems, including Interstate 4, the Florida Turnpike, the Beachline Expressway (SR 528) and the Central Florida Expressway (SR 417), as well as the Orange County Convention Center and tourism corridor. The site fronts Sand Lake Road across from the under construction Universal Epic Theme Park and has multiple road ingress and egress points.
The property includes 44,167 square feet of two-story office space, a trailer storage yard sitting on more than five acres, an on-site weigh station, clear heights of 21’ to 29’, 38 dock doors and 254 auto parking spaces.
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