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Industrial Dirt for Car Dealership Across From Planet Hollywood HQ Goes for $12.62 per SF

ORLANDO-In the highest per-sf land deal Orlando's largest business park has recorded in 37 years, TT of Sand Lake Inc. paid Orlando Central Park Inc. $3.6 million for a 6.55-acre tract that will house an undetermined franchised dealership.

By Alex Finkelstein | Updated on January 08, 2001

ORLANDO-With only 100 left out of 4,500 developable acres, local industrial brokers aren’t too surprised to learn that a 6.55-acre parcel at the 37-year-old Orlando Central Park has been sold for $3.6 million or $549,618 per acre.

The $12.62 per-sf price is the highest in the park’s existence and one of the steepest ever recorded for a comparable piece of dirt in Central Florida, according to J. Gary Castle of Castle Commercial Realty Inc. who negotiated for the park.

Buying the 6.55-acre parcel is Fort Lauderdale, FL-based TT Sand Lake Inc. headed by Terry Taylor. His Automotive Management Services Inc. company operates 18 car dealerships in Florida, Tennessee and North Carolina.

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