PRESS RELEASE: Industrial Property Sells for $1.4 million in Orlando

ORLANDO, Fla. – As an example of the increased activity involving quality Central Florida industrial assets, RL MIT, LLC purchased a freestanding industrial building at 2175 Premier Row in Orlando for $1,393,600.

The 20,207-square-foot property – which includes 3,456 square feet of office space and features rear loading and tilt-wall construction – had four offers and sold above asking price.

Matt Sullivan, SIOR, CCIM; Wilson McDowell, SIOR, CCIM; and Bobby Isola of Colliers International Central Florida represented the seller, Juice Juice & Juice, Inc. in the transaction. Lee Morris of Cushman & Wakefield represented the buyer.

“This is one of the nicest industrial buildings that’s been available in the area for a while,” said McDowell, “and it commanded a price-per-square-foot higher than we’ve seen for a warehouse in the market for over a year. There are a lot of companies looking for nice buildings right now, and this transaction is evidence that some companies are willing to pay a premium for them.”

The property is located in Orlando Central Park, between Chancellor Drive and Dividend Drive. It offers excellent access to Orange Blossom Trail (US Highway 441), John Young Parkway and Sand Lake Road, and is minutes from the Florida Turnpike-Beachline Expressway interchange.

About Colliers International

Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world. For the latest international news from Colliers International, visit colliers.com/us/news, or follow us on Twitter: @ColliersIntl

TAGS: Investment