Banner Property Group JV sells newly renovated freezer-cooler warehouse in Orlando

A joint venture between Banner Property Group and an institutional investor has sold 2292 W. Sand Lake Road, a 149,570-square-foot freezer-cooler warehouse in Orlando.

JLL represented the seller, while IP Capital Partners purchased the asset. Working on behalf of the new owner, JLL arranged the fixed-rate acquisition loan with a life insurance company.

2292 W. Sand Lake Road is a highly functional cold-storage building, offering full freezer capability, six flexible temperature zones, 23.5- to 24.7-foot clear heights, 20 dock positions, six rail doors and abundant truck and car parking. The seller recently executed extensive capital improvements to renovate the facility.

The facility provides a strategic last-mile location for both local and regional distribution, serving some of Florida’s major demand drivers, like Orlando International Airport, Port Canaveral, downtown Orlando and several theme parks. Moreover, it provides access to over 3.5 million consumer