Orlando Flex Portfolio Trades for $19M
- Jan 27, 2017
Orlando, Fla.—Militello Capital and Denholtz Associates recently acquired Cypress Industrial Park, a five-building industrial flex portfolio located in Orlando. The 256,838-square-foot asset traded for $18.5 million, with capital support led by financial advisors seeking access to vetted and privately held income-producing real estate investments on behalf of their clients.
Located at 9500-9901 Satellite Blvd. on a 23.5-acre site, the flex design of the five single-story buildings offers tenant suites ranging from 1,726 to 33,600 square feet. The buildings completed between 1987 and 1997 feature grade-level and dock-high loading and an average clear height of 19’6”.
The property offers convenient access to Florida Turnpike, US Route 441 and Interstate 4, being situated in close proximity to the Orange County Convention Center and Orlando International Airport.
“Our partnership with Militello Capital to acquire Cypress Park provides us with an exciting opportunity to expand our existing footprint in the rapidly growing Orlando submarket,” said Stephen Cassidy, president of Denholtz Associates, in a prepared statement. “We see the Florida industrial market as an area with strong growth potential and look forward to continuing to strategically target investment opportunities in the state with the help of our capital partners like Militello Capital.”
Image courtesy of Denholtz Associates