Quirch Foods – Orlando (2023)
2292 Sand Lake Rd, Orlando, FL, 32809-7638, US
13,896 m²
Jones Lang LaSalle (“JLL”), has been retained to market for sale Central Florida Resource Center – a 83.0% leased, three-building, 198,305 SF industrial park located within Orlando, one of Florida’s fastest growing MSA’s, and less than two miles from The University of Central Florida and four miles from Orlando’s Research Park, two of Central Florida’s largest economic demand drivers. The Property is situated just off of Alafaya Trail and provides access to the greater Orlando MSA via SR 50 (11 minutes) and SR 417 (5 minutes), both of which connect to I-4 and US-27. Over the last 5 years the Property’s submarket, Seminole County, has experienced rent growth of 84.8% (13.1% CAGR).
Tenants at the property include United Health Care, Siemens, Proactive Technologies and UCF, most of whom have invested heavily into their spaces and demonstrated a long-term commitment to this park.
This exceptionally well-located and recently renovated asset presents investors with a low-maintenance, credit-enhanced investment with additional upside through lease-up, mark-to-market, and potential development. The Property, which is expected to benefit from Orlando’s exceptional leasing fundamentals and nation-leading rent growth, is forecasted to grow NOI by 63.4% & 105.0% over a 5 and 10-year hold.