Arsenalt Holdings LLC Purchases Property At 59 Skyline Dr Lake Mary For $19.7M With CBRE's Chip Wooten

The property asset involved in this transaction is Suntech Commerce Park I and II, located at 59 Skyline Dr, Lake Mary, FL, in the Lake Mary market. The sale price amounted to $19,700,000.00. This master-planned business park encompasses a total of 224,409 square feet of office and flex space and is situated on approximately 19.5 acres. The complex features six buildings and provides 24-hour access, grade-level and dock-high spaces, and building signage. All buildings within the property are 100 percent sprinklered and are leased to various tenants.

Summary of transation details:

• Property Type: Business Park
• Transaction Amount: $19,700,000.00
• Address: 59 Skyline Dr, Lake Mary, FL, 32746
• Market: Lake Mary
• Seller's Representative: Chip Wooten (CBRE)
• Buyer: Arsenalt Holdings LLC
• Seller: DOF II Suntech LLC
• Tenant mix: Applied Concepts, Vitil Solutions, EDCO Group, Massey Services, Car Financial Services, Advanced Pharmacy Florida

The transaction was brokered by CBRE, with Executive Vice President Ronald Rogg and Associate Chip Wooten representing the seller. Arsenalt Holdings LLC, linked to Real Capital Solutions, an investment manager from Louisville, Colorado, took the opportunity to invest in a market that has demonstrated robust growth, having experienced four consecutive years of positive absorption. The property is strategically located near major Central Florida roadways and conveniences such as residential communities, restaurants, hotels, and shopping venues.