Orlando-Area Office Building Trades for $4M
ByCushman & Wakefield’s advisory team facilitated the disposition of Seminole Springs Office Center, which was 65 percent leased at the time of the sale.
Cushman & Wakefield has completed the sale of Seminole Springs Office Center, a 32,975-square-foot office building in suburban Orlando, in a $4.1 million transaction.
Managing Director Damien Madsen and Senior Associate Tommy Pinel worked on behalf of the seller, Springs Equity Ltd. Seminole Springs Office Center LLC acquired the property, paying approximately $124.34 per square foot. According to public records, First Colony Bank of Florida provided $3.1 million in acquisition financing to facilitate the deal. The deal did not include 50 percent of the underlying land, subject to a ground lease and valued at $1.05 million.
“This was a great transaction for all parties involved. A true win-win solution,” said Madsen in a prepared statement. “The process, sale and closing all took place with no issues,” he added…
Orlando-Area Office Building Trades for $4M
