Orlando-based Central Florida Blood Bank expects to close the $12.5 million deal with Chicago-based RREEF Funds in October. The contract calls for the blood bank to pay an aggregate $115.74 per sf for both properties.

Area construction industry estimators familiar with the property tell GlobeSt.com on condition of anonymity the 10-year-old, 90%-vacant office building on John Young Parkway and Sand Lake Road in south Orlando was erected in 1992 at an estimated hard construction cost of $10.8 million or about $100 per sf. The warehouse was built at an estimated cost of $3.2 million or about $40 per sf.

Replacement costs today for the four-story, class A office building would be about $16.2 million or $150 per sf. The warehouse, housing Planet's movie memorabilia, could be erected today at about $4 million or $50 per sf.