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Greg Herren And Clay Thompson Of Seefried Industrial Properties Acquire Development Site In Orlando For $46.25M

Property Image
SOLD
$46,250,000
Joe Rossi
Jeff Morris
+ 2

Florida

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Development Site
Sold 08/20/2025
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Property Image
SOLD

Greg Herren And Clay Thompson Of Seefried Industrial Properties Acquire Development Site In Orlando For $46.25M

Wetherbee Rd

See Similar Deals
Development Site
Sold 08/20/2025
Joe Rossi
Jeff Morris
+ 2
Contact now

Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

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:

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

Jeff Morris
4 deals$104.3M volume(407) 362-6165
BROKER

Bret Felberg
Colliers
4 deals$104.3M volume
BROKER

Joe Rossi
Colliers
4 deals$109M volume
BROKER


David Gilbert
Clarion Partners
28 deals$1.9B volume
BUYER

Seefried Industrial Properties
BUYER

Details

SOLD
IMAGE: David Gilbert, Greg Herren, Clay Thompson, Lee Morris, Joe Rossi, Bret Felberg & Jeff Morris DATE: 08/20/2025 ADDRESS: Wetherbee Rd MARKET: Orlando ASSET TYPE: Development Site ~ ACRES: 168.3 BUYER: Greg Herren & Clay Thompson - Seefried Industrial Properties (@SeefriedIndustrialProperties); David Gilbert - Clarion Partners SELLER: Orlando Utilities Commission BROKERS: Joe Rossi, Lee Morris, Jeff Morris & Bret Felberg - Colliers (@ColliersInternational) SALE PRICE: $46,250,000 NOTE: Seefried Industrial Properties and Clarion Partners bought a 168.3-acre site in South Orlando from the Orlando Utilities Commission for $46.25M, with plans to develop the Orlando Infill Logistics Center. The project will deliver up to 1.5M SF of industrial space across as many as nine buildings, with construction starting in early 2026.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,466,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$164,316.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$219,248.60
Annual Debt Service$2,630,983.15