The facility is being built at a hard construction cost of $38 per sf, considered to be at the low end of industrial-built structures but a good price for the automaker, area construction estimators tell GlobeSt.com. DaimlerChrysler will service dealers and other customers throughout the Southeast from its new Orlando operations, according to park officials.
DaimlerChrysler representatives declined comment on the project. Park officials would only confirm the venture comprises 450,000 sf of distribution space, 50,000 sf of office and 35 truck bays.
The project represents a coup for the 18-year-old Airport International Park of Orlando, since it is relocating DaimlerChrysler from the 4,000-acre Orlando Central Park, the grandfather of Orlando area industrial emporiums.
The automaker paid $6 million or about $137,000 per acre ($3.15 per sf) for the new plant's 44-acre site at Boggy Creek Road and Ringhaver Drive. Other tenants at AIPO are Lockheed Martin Corp., Tire Kingdom Inc., Southeastern Freight Lines, Averitt Express, KraftMaid Cabinetry and Ringhaver Equipment Inc.
The DaimlerChrysler plant will be the largest building of its kind erected at AIPO since Toys R Us constructed its former 530,000 sf automated warehouse in 1994 at an estimated construction cost of $50 million or $95 per sf.
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