Harbert Management Corp. has sold Cypress Park, a 256,838-square-foot industrial park located at Satellite Blvd. in the Southeast Orange submarket of Orlando, for $56.1 million.
The five-building park sits directly off Florida’s Turnpike and the U.S. Route 441 interchange, less than 15 minutes from Orlando’s central business district and Orlando International Airport.
Situated on 23.39 acres, Cypress Park offers functional design features including 45 dock-high doors representing 71 percent of total loading capacity, 18 drive-in and grade-level doors, clear heights ranging from 20 feet to 22 feet, and truck court depths of approximately 85 to 100 feet. All suites are fully sprinklered with LED lighting, dedicated air-conditioned warehouse space and rear-load capabilities.
The property is 99 percent leased to 26 tenants across nine industries including technology, manufacturing, building materials, construction, retail distribution, food and beverage, financi
