AdventHealth Acquires 546859-SF Industrial Building From EQT Real Estate For $84.25M In Apopka

AdventHealth acquired an industrial building located at 5050 Wesley Road in Apopka, Florida for $84.25 million. The property encompasses 546,859 square feet, equating to a price of $154 per square foot. This facility, constructed in 2023, is a part of the four-building Apopka Commerce Center and features 40-foot clear heights, 150 dock doors, and 190-foot truck courts.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $84,250,000
• Buyer: Jeff Villanueva - AdventHealth
• Seller: Henry Steinberg - EQT Real Estate
• Broker: Cushman & Wakefield
• Square Footage: 546,859
• Price Per Square Foot: $154
• Location: Apopka, Florida

Jeff Villanueva represented AdventHealth in this transaction, while Henry Steinberg was the seller, representing EQT Real Estate. Cushman & Wakefield facilitated the brokering of the sale, which also notes that AdventHealth has operated a Consolidated Service Center in over half of the space for nearly two years.