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ORLANDO-About five weeks after the 96,000-sf Building 3 at the 20-acre I-4 Commerce Center was completed, the industrial structure is almost 100% sold out. Developer Dick DeLater has the last 6,000 sf under contract.
Ten companies have purchased a total 90,000 sf at an average price of $96 per sf for a total $8.64 million in sales to date. DeLater estimates the development cost of Building 3 was about $6.25 million.
"All units went under contract after construction had begun but prior to construction being completed" on Feb. 9, Ray Romano, a senior associate in the Orlando office of CB Richard Ellis Inc., tells GlobeSt.com. Romano negotiated all of the sales for DeLater. Building 3 is at 1600 33rd St.
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