Terracap Management Acquires Oviedo Industrial Property For $34.5M

The industrial property located at 5700-5712 Dot Com Ct in Oviedo has been sold for a price of $34,500,000. The transaction took place on April 15, 2022, and the property spans across an area of 198,305 square feet, resulting in a price per square foot of $174. The buyer of the property is Terracap Management, while the seller is Andrew Mirmelli. The sale was facilitated by the brokers Luis Castillo, Cody Brais, and Matthew McCormack from JLL.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $34,500,000
• Address: 5700-5712 Dot Com Ct, Oviedo
• Market: Oviedo
• Buyer: Terracap Management
• Seller: Andrew Mirmelli
• Brokers: Luis Castillo, Cody Brais, and Matthew McCormack - JLL
• Square Footage: 198,305 SF
• Price per Square Foot: $174

Luis Castillo, Cody Brais, and Matthew McCormack from JLL played a crucial role in representing the respective parties involved in the transaction. This successful deal highlights the strong demand for industrial properties in the Oviedo market and the expertise of the brokers in facilitating such transactions.