Mission-critical industrial facility near Orlando sells for $71m

Industrial developer BlueScope Properties Group has sold a new, 289,839-square-foot, class A, mission-critical industrial facility in the Orlando-area community of Apopka, Fla.

Realty Income Corp. purchased the asset for $71.45 million.

Situated on 21.2 acres, the distribution center is within the 180-acre Mid-Florida Logistics Park, which is home to several other corporate users. The property is on the arterial State Route 429, which provides alternative access to the entire Orlando MSA. Additionally, with completion of the nearby Beltway project, connectivity to the region will increase. The North Orange County Industrial submarket location places the property in one of the fastest-growing markets in the state and provides a deep labor pool along with amenities.

Completed in July 2020, the property is fully leased to a global beverage company. The building has institutional-quality features, including 10 dry-dock doors with full equipment, 36-foot clear height