Duvalla Investments And Epoch Residential Acquire Sea Harbor Office Center In Orlando For $17M

The Sea Harbor Office Center is an office property located at 6277 Sea Harbor Drive in Orlando, FL. The asset covers 14 acres and comprises a total of 359,514 square feet of space. The sale price for the property was $17,000,000, which translates to a price per square foot of $47. This property was purchased at a significant discount compared to its $60.6 million purchase price in 2015.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $17,000,000
• Address: 6277 Sea Harbor Drive, Orlando, FL
• Asset Size: 359,514 SF
• Price Per Square Foot: $47
• Buyer: Justin Sand - Epoch Residential
• Buyer: Michael N. Weinberg - Duvalla Investments
• Seller: David Jackson - Northridge Capital
• Brokers: Robbie McEwan, Jesse Jones & Tucker Brooks - JLL
• Market: Orlando, FL
• Acres: 14

The deal involved key participants, including Justin Sand representing Epoch Residential and Michael N. Weinberg from Duvalla Investments, who together acquired the office center. David Jackson from Northridge Capital represented the seller. The transaction was facilitated by brokers Robbie McEwan, Jesse Jones, and Tucker Brooks from JLL. The property's potential lies in its planned-development zoning for residential and hotel uses, providing future redevelopment opportunities for the new owners.