Fleetwash Leases 10,650 SF of Office/Warehouse

ORLANDO-In a slowly improving office/warehouse market, Fairfield, NJ-based Fleetwash Co. has set up its first Orlando division by leasing the entire 37-year-old, 10,650-sf building at 1807 Premier Row, Orlando Central Park, in south Orlando for five years at an estimated aggregate rent of $186,375. The quoted average range is $3.80 per sf.

The deal took only 30 days to do, Quentin Caruso of Orlando-based Realty Capital/TCN Worldwide tells GlobeSt.com. “The office/warehouse market is getting better but most of the deals that have been completed lately are smaller ones, less than 25,000 sf,” Caruso says.

However, the broker says, he is “starting to see the larger needs [of tenants] poking their head out.” He says, “positive cash flow is driving the investment sales market.”