Infinity Properties, led by Shane Decker and Brett Schlacter, closed on their 8th industrial deal this year, adding 86,000 square feet to their portfolio with a $9,125,000 off-market purchase located at 2750 Michigan Ave in Kissimmee (Orlando MSA).
The deal was sourced in-house by Pamela McCleod, Infinity’s Director of Acquisitions, and includes 6 buildings fronting busy Michigan Ave sitting on over 6.5 acres.
The deal closed December 20.
The asset consists of four pristine, small-bay buildings and two retail/flex buildings strategically located just minutes off the Turnpike, which is centrally located between Orlando’s International Airport and the Walt Disney World Resorts, and within the largest light industrial/flex commerce park of its kind in the area. This particular submarket is experiencing massive growth with new developments breaking ground throughout.
The unit sizes (1,700-square-foot bays) and configuration, curb appeal and total footprint makes this acquisition a perfect addition to Infinity’s portfolio. The Kissimmee submarket is currently experiencing a sub-2% vacancy factor.
Infinity Properties closed on a $10,000,000 3-building portfolio purchase earlier this year in Orlando consisting of near identical product (small-bay) in Longwood. This brings Infinity to over 200,000 square feet of assets under management in the Orlando MSA with plans to acquire another 800,000 square feet in 2022.
Infinity Properties is one of Florida’s top buyers for light industrial flex product, acquiring 27 buildings and over $75,000,000 worth of deals in 2021.
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