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LBA Logistics Acquires Lee Vista Business Center In Orlando For $120M

Property Image
SOLD
$120,000,000

Florida

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Industrial635,684 SF
Sold 06/25/2024
the dealdetailscomps
Property Image
SOLD

LBA Logistics Acquires Lee Vista Business Center In Orlando For $120M

7455 Emerald Dunes Drive

See Similar Deals
Industrial635,684 SF
Sold 06/25/2024
the dealdetailscomps

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$188
Total Square Footage:635,684 SF
Transaction Type:Sale

The Lee Vista Business Center, comprising 635,684 square feet of industrial space across four buildings, located at 7455 Emerald Dunes Drive in Orlando, was sold for $120 million. The property spans 81 acres and was a strategic acquisition due to its proximity to Orlando International Airport, making it an attractive location for distribution tenants.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $120,000,000
  • Buyer: LBA Logistics
  • Seller: Luke J. Petherbridge - Link Logistics
  • Market: Orlando
  • Square Footage: 635,684
  • Price per Square Foot: $189

LBA Logistics, based in Irvine, CA, completed the purchase of the Lee Vista Business Center from Luke J. Petherbridge of Link Logistics. The acquisition highlights their interest in expanding their industrial portfolio and leveraging the property's strategic location for potential future development opportunities.

Details

SOLD
IMAGE: Luke J. Petherbridge DATE: 06/25/2024 ADDRESS: 7455 Emerald Dunes Drive MARKET: Orlando ASSET TYPE: Industrial ~ ACRES: 81 BUYER: LBA Logistics (@LBA_Logistics) SELLER: Luke J. Petherbridge - Link Logistics (@LinkLogisticsre) SALE PRICE: $120,000,000 SF: 635,684 ~ PPSF: $189 NOTE: LBA Logistics, based in Irvine, CA, acquired the Lee Vista Business Center near Orlando International Airport for $120 million from Link Logistics. Spanning 81 acres with 635,684 square feet across four buildings, the transaction marks one of Orlando's largest recent industrial deals, highlighting the property's strategic location for airport-related distribution tenants and its significant potential for future development.

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