Nick Jones Acquires Industrial Property In Orlando From Lawrence Chen For $4.84M

The property involved in this transaction is an industrial asset located at 4026-4100 Silver Star Road in Orlando. The sale price was $4,843,550, encompassing a total square footage of 32,000, which translates to a price per square foot of $151.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $4,843,550
• Buyer: Nick Jones
• Seller: Lawrence Chen
• Brokers: Christian Peters & Nick Watson - Matthews Real Estate Investment Services
• Square Footage: 32,000
• Price Per Square Foot: $151
• Market: Orlando

This deal marks Alakai Capital's third investment in small bay industrial parks within a year, reflecting their strategy to expand their industrial portfolio. Alakai Capital is known for its active role in development and investment, having acquired or developed over 15 properties in the past 12 months, with ongoing interest in new projects throughout Florida.