ORLANDO—In its second acquisition in less than a week, Steelbridge Capital has acquired 20 North Avenue, a 16-story, 267,262-square-foot class B office building in the heart of Orlando's Central Business District (CBD).

Steelbridge purchased 20 North from a TIC ownership group that has owned the property since 2005. The deal comes at the heels of Steelbridge's re-acquisition of the Cypress Financial Center earlier this week in a $32.55 million deal.

“This is a unique off-market situation where we were able to acquire a CBD asset at a very attractive basis, which is in keeping with our value oriented focus as a firm,” Jay Caplin, a managing principal at Steelbridge, tells GlobeSt.com. “We are bullish on market conditions and focused on identifying opportunities that fit with our value-add strategy.”