Tidewater Capital Group Acquires Office Building From Truly Nolen Of America For $4.3M

The Orlando office building located at 1800 33rd Street, with a size of 1.1 acres, was sold for $4.3 million. The property spans 12,680 square feet, resulting in a price per square foot of $339. The sale was completed on the 4th of July, 2024, with Tidewater Capital Group Inc. acquiring the asset from Justin Bellet, representing Truly Nolen of America Inc. Damien Madsen and Josh Smith from Harbert Realty Services facilitated the transaction as the brokers involved.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $4,300,000
• Buyer: Tidewater Capital Group Inc.
• Seller: Justin Bellet - Truly Nolen of America Inc.
• Brokers: Damien Madsen & Josh Smith - Harbert Realty Services

Despite the sale, Truly Nolen of America Inc. will retain a leasing presence on the building's first floor post transaction. The company plans to utilize the capital generated from the sale to implement a new infrastructure strategy resembling a hub-and-spoke model, aimed at enhancing operational efficiency within the Orlando market.