Quirch Foods – Orlando (2023)

​​​​​​​Jones Lang LaSalle, Inc. (“JLL”) has been exclusively retained to market for sale the fee simple interest in 2292 W Sand Lake Rd (the “Property” or “Sand Lake”) in Orlando, FL. This 149,570 SF freezer-cooler warehouse provides a strategic last-mile location for both local and regional distribution serving some of Florida’s major demand drivers like MCO airport, Port Canaveral, downtown Orlando and several globally-renowned theme parks, with access to over 3.5 million consumers within a 60-minute drive via Orlando’s major thoroughfares including: I-4 (3.8 miles away), FL Turnpike (2.6 miles away), and John Young Pkwy (1.0 miles away).

The Property is 100% leased to Quirch Foods, an international food distribution company, which has grown to be one of America’s Largest Private Companies (#132 Forbes) with recent revenue of ~$5B and 2,000+ employees. Quirch Foods has been at this location for over 17 years. 2292 W Sand Lake Rd is a highly functional cold-storage building that plays an important role in Quirch Food’s distribution network. Building features include full freezer capability, six flexible temperature zones, 23’5”-24’7” clear heights, and a recent capital improvement plan totaling $3.7M in addition to significant capital from the Tenant to update and modernize the facility.

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2292 W Sand Lake Rd presents a rare opportunity to acquire an important last mile cold storage facility in one of the US’ fastest growing MSAs at a discount to replacement cost with strong in-place cash flow, minimal go-forward capital investment, and future upside through above-market contractual lease escalations, mark to market, and rental appreciation.