Greg Herren And Clay Thompson Of Seefried Industrial Properties Acquire Development Site In Orlando For $46.25M
Wetherbee Rd
$46,250,000
Building Size
—
Asset Type
Development Site
Closing
Aug 20, 2025
AI
A 168.3-acre development site located on Wetherbee Rd in Orlando has been sold for $46.25 million. The property will be developed into the Orlando Infill Logistics Center, which is expected to deliver up to 1.5 million square feet of industrial space across nine buildings. Construction is slated to begin in early 2026.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $46,250,000
- Address: Wetherbee Rd
- Market: Orlando
- Buyers: Greg Herren and Clay Thompson representing Seefried Industrial Properties; David Gilbert representing Clarion Partners
- Seller: Orlando Utilities Commission
- Brokers: Joe Rossi, Lee Morris, Jeff Morris, and Bret Felberg from Colliers
Seefried Industrial Properties and Clarion Partners are positioned to enhance industrial capacity in the area with their new project. The involved brokers from Colliers played a crucial role in facilitating the transaction between the seller and the buyers.
Players
Orlando Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93