The 96,303 SF warehouse was 100 percent occupied at the time of acquisition in Q1 of 2019. The infill building is a highly functional front park/rear load configuration, with additional ground allowing for trailer parking, a feature in high demand and virtually nonexistent in the submarket. It is in the 33rd Street micro market which is one of the strongest industrial submarkets of Orlando, FL. Summit’s business plan calls for interior and exterior upgrades and increasing the NOI “marking rents to market” as leases expire.

Location
Maggie
Orlando, FL
Industrial | Unrealized
Asset Summary
- Acquisition Date:
- Q1 2019
- Size:
- 96,303 SQ FT
- Property Type:
- Industrial
- Deal Profile:
- Fund III, Acquisition
- Investment Profile:
- Value-Add
- Deal Source:
- Off Market