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Wetherbee Rd

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

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:

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

Colliers

Broker

$104.3M

vol

4 deals

Broker
David Gilbert

David Gilbert

Clarion Partners

Buyer

$1.9B

vol

28 deals

Buyer
Seefried Industrial Properties
Seefried Industrial PropertiesBuyer

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