Wilson Investment Properties Acquires 93,110 SF Industrial Property Near Orlando Sanford International Airport
Wilson Investment Properties has acquired a 93,110-square-foot multi-tenant industrial property located at 1770 E Lake Mary Blvd for $11.05 million. The single-story building is situated on 7.39 acres adjacent to Orlando Sanford International Airport, providing strategic access to major transit corridors including SR 417 and I-4. The acquisition is a value-add play targeting the Longwood/Lake Mary/Sanford submarket, which maintains a low vacancy rate of 4.65%. The property is currently 57% leased to Elliott Electric Supply and Magic Ice USA. Wilson Investment Properties plans to invest approximately $1.45 million in capital improvements and aims to lease the remaining 40,000 square feet to last-mile, light manufacturing, or airport-related tenants.
Topics: Commercial Real Estate Industrial Property Acquisition Real Estate Investment