Orlando, Florida
Sand Lake
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Transaction Details
7208 Sand Lake Rd.
Orlando, FL 32819
42,277 Sq. Ft.
PROPERTY TYPE
Office / Retail
Investment Highlights
- Acquired from Highwoods Properties, Inc.
- 3 story office building with ground floor bank branch and drive through
- Prominent location at SW corner of Sand Lake Road and Turkey Lake Road adjacent to I-4 near Doctor Phillips, Bay Hill, Universal, and International Drive
- Primarily a high-end retail corridor
- Rental rates below market and all leases structured as office leases
- Increased occupancy and significantly increased rental rates, especially for ground floor tenants and bank branch to reflect location, signage, and drive through to be more comparable to retail properties on Sand Lake Road
- Cardinal Point handled all property management, asset management, and leasing for the property