Taurus Investment Trades Orlando Office Campus
- Feb 19, 2019
Taurus Investment Holdings has sold Reserve at Maitland, a three-building, 196,835-square-foot Class B office campus in Orlando, Fla., for $33.5 million. BankUnited provided the buyer, Jefferson River Capital, with $23.5 million in acquisition financing, per Yardi Matrix data.
The property last changed hands in January 2016, when Taurus paid $17.1 million for the asset. The seller in that deal, Florida East Coast Industries, is behind a newly completed transit-oriented development in Miami.
Located at 30, 65 and 70 S. Keller Road, Reserve at Maitland is situated a stone’s throw from Interstate 4, 7 miles north of downtown Orlando, with an adjacent city bus route. The immediate area contains multiple retail, multifamily and hospitality assets, and just shy of 4 million square feet of office space is within a mile of the campus. The property, completed in 2001, is fully leased to Sunshine Health, Spectrum and Alere, according to Yardi Matrix. Parking is available at a ratio of 5 spaces per 1,000 square feet.
Image courtesy of Yardi Matrix