
Marcus & Millichap Handles Central Florida Industrial Portfolio Sale
American Industrial Center (AIC), an 820,000-square-foot industrial park in Longwood, FL, has been sold to a joint venture between Blue Vista Capital Management LLC and Logistics Investment Management. AIC is located in Central Florida, near Orlando.
Douglas K. Mandel and Nicholas Hanson represented the buyer. The seller is an unnamed private family.
Mandel says, “AIC is the largest continuously-owned multi-tenant, dock-high and grade-level loading industrial park in Seminole County.”
Hanson added, “The transaction is one of the largest industrial park sales in the history of the Orlando market. AIC was 95% occupied at the time of sale, which provides the purchaser with strong cash flow as well as the ability to further enhance returns by investing incremental capital to improve rental rates.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition