Marcus & Millichap Closes Space Coast Industrial Portfolio Sale
Ken Hobson, senior associate in Marcus & Millichap’s Orlando office, represented the seller and procured the buyer in the transaction.
Ken Hobson, senior associate in Marcus & Millichap’s Orlando office, represented the seller and procured the buyer in the transaction.
They join CBRE from Marcus & Millichap’s Net Lease group.
Marcus & Millichap represented the undisclosed seller in the transaction. Flavia Kanyago of CrossMarc will handle leasing at the center.
In alignment with Avanath’s mission to acquire, own, renovate, and operate affordable and value-oriented communities, 131 of 266 units are designated affordable, with the property’s rent restrictions continuing until 2050.
The property sold for $6,750,000 million.
Ray Turchi and David Vaughan in Marcus & Millichap’s Orlando office had the exclusive listing to market the property on behalf of the seller, a private New York investor.
The property is situated in a prime location next to ICON Park and approximately 2 miles from Universal Studios, the Orange County Convention Center, Universal CityWalk Orlando, SeaWorld and numerous other world-class attractions.
Andrew Jaworski, along with Associate Tarek Chbeir, had the exclusive listing to market the property on behalf of the seller. The buyer was also procured by Jaworski.
Salim Valiani, an investment specialist in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller.
Drew A. Kristol and Kirk D. Olson, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, Miami-based CF Properties.
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