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Orlando Industrial Park Trades for $20M

Cushman & Wakefield has arranged the $20.3 million sale of Altamonte Commerce Center, an eight-building small-bay industrial park totaling 185,600 square feet in Orlando.

Located at 217-311 Altamonte Commerce Blvd. and 620-658 Douglas Ave., the 13-acre property is currently 96% leased. The property features a mix of loading options, with some buildings offering highly sought-after front and rear loading units. Suite sizes of the portfolio range from 1,000 to 14,800 square feet, providing flexibility for tenants to grow within the portfolio. The seller, SunCap Opportunity Fund LLC, acquired the industrial park in 2019.

Mike Davis, Rick Colon, Rick Brugge, Dominic Montazemi, Jared Bonshire, David Perez, Zachary Eicholtz, Ryan Jenkins, and Jordan Stenholm of Cushman & Wakefield represented SunCap in the sale. The buyer was Longpoint Realty Partners.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.