"What we're seeing is growing confidence by small business owners that we are gradually coming out of the recession and their decision to own rather than rent the real estate," Dean Fritchen, a senior broker at Coldwell Banker Commercial NRT in suburban Winter Park, FL, tells GlobeSt.com.
In suburban Sanford, FL, Electronic Fasteners Inc. paid Masco Contractors Services Inc. $650,000 or $40.82 per sf for a 15,925-sf warehouse at 227 Power Court. The participating brokers were Craig Duke and Allison Reynolds of Coldwell Banker Commercial NRT and Allison Reynolds, and Rich Cavano of Cavano Realty.
Also in Sanford, Direct Wireless of Sanford paid Just In Time Distributors Inc. $575,000 or about $38.33 per sf for a 15,000-sf office and warehouse property at 30 Keyes Court. Michael Heidrich of Realvest Partners Inc. and Scott Annan of CB Richard Ellis Inc. brokered the transaction.
Seventeen miles north of Downtown Orlando in Apopka, FL, Kurt and Paula Marn paid Charles Burke $365,000 or $66.36 per sf for a 5,500-sf warehouse sitting on 2.48 acres at 1051 Ocoee-Apopka Road. Cindy Duke of Carter & Associates negotiated for the seller.
Another 5,500-sf Apopka property, owned by Jan-San Management Trust at 1051 Ocoee Apopka Road was sold for $365,000 or $66.36 per sf. Steve Porter of Coldwell Banker Commercial NRT and Cindy Duke of Carter & Associates handled the deal.
Diniscia Kang Group LLC of New York purchased a 16,000-sf office and warehouse property at 2463 Regent St., Orlando from Morrissette Development LLC, Orlando, for $785,000 or about $49.06 per sf. The negotiating brokers were Michael Heidrich of Realvest Partners Inc. in Maitland, FL and Mike Hamuika of Homevest Realty.
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