"Given how demand has overtaken supply in Orlando's current investment market, this property was a real diamond in the rough," Realty Capital TCN Worldwide broker Bret Anderson tells GlobeSt.com. Anderson and Charles Frederick handled the transaction.
East Colonial Partners LLC paid Eadith Properties $2.17 million or $36.16 per sf for the 100%-leased property at State Road 50 and Mercy Drive in commercially hot West Orlando. Buyer and seller are based in Orlando. The building's two tenants are Orange County Environmental Protection Division and Time Warner Communications. The average asking rent is $4.50 per sf, triple net.
Realty Capital is a privately held, full-service Orlando-based commercial real estate brokerage affiliated with The Commercial Network, a global group of 140 offices totaling 2,000 brokers.
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