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Alamo Site Near Airport Triggers $207 per-SF Tag

ORLANDO-In the highest-per-sf-priced industrial deal of the year in metro Orlando, locally based MCO Properties and Investments paid Dallas-based Cardinal Capital Partners Ltd. $8.2 million for a 39,614-sf car rental facility sitting on 70.33 acres two miles southwest of Orlando International Airport.

By Alex Finkelstein | Updated on August 14, 2002

ORLANDO-Locally based MCO Properties and Investments has picked up a prime 70.33-acre industrial property housing the 39,614-sf Alamo Rent-A-Car facility two miles southwest of Orlando International Airport where new retail and high-end housing developments are under way.

The $8.2 million price MCO paid Dallas-based Cardinal Capital Partners Ltd. equates to $207 per sf for the Alamo facility itself and $116,593 per acre ($2.68 per sf) for the 70.33 acres, if calculated separately.

It’s the highest-per-sf-priced deal of the year in metro Orlando for an industrial building, GlobeSt.com research shows.

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