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Self Storage Center Property in Orlando Sold to REIT

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Florida Commercial Property news is on a sale in Orlando, Florida. The property, called “My Neighborhood Storage Center” happens to be a 64,480 square-foot property. The current usage is this property is a self-storage facility. The Sales price for this was $8.5 million.

The Florida Commercial Property, My Neighborhood Storage Center, is situated at 10053 Lake Underhill Road. The initial search found that there are 3 companies at that address. The companies are The Central Group Of Orlando Inc, and Central Florida Wood And Tile Installations LLC showed up. Also Tcgo Inc. was listed there through an online property search. We believe the Commercial Properties seller was Titan Liberty Lake Underhill which was assumed to be a Joint Venture.

Florida Properties Listings

This Orlando Property for sale covered approximately 9.87 acres. The main buildings were built in 1997 and offer 572 climate and non-climate controlled units. This commercial real estate also has a setup for R.V. parking. The Buyers receive security features which do include video surveillance and electronic gate access. This Orlando Investment Property is currently about 92% occupied.

Hot Properties for Mixed-use and Multi-family Building Developments

The sales for Florida Commercial Properties were dominated by self-storage acquisition. Most of the recent transactions were located in the middle portion of the state. The website is set as a leading source for your commercial real estate investments, research and advisory services. Also private investors can check here for land for construction, and development. There are large groups searching Florida Commercial Properties to use for mixed-use, multi-family and senior-housing development.

Sale of Orlando “My Neighborhood Storage Center”

The senior vice president investments from one of the commercial real estate companies helped procure the sale. One of Tampa office’s was involved as the National Self-Storage Group, had the exclusive listing. This Florida Property was marketed on behalf of the seller, who was a private investor. The Investment Property buyer was a REIT (Real Estate Investment Trust).

One of the commercial property brokers was quoted as saying “This facility was very well maintained and located. The seller, who had built and owned this property for 17 years, decided to take some chips off the table in this vibrant market”.

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O’Reilly Commercial Realty LLC
Patrick O’Reilly
Phone: (352) 237-2222
Email: OreillyCommercialRE@gmail.com