Core Investment Management Acquires Orlando Square Shopping Center In Orlando For $25.1M | 1700 Sand Lake Road | Jim Michalak, Jeff Berkezchuk | Retail | Sale

Summary

Sale

FLORIDA

Retail

183,877 sqft

Core Investment Management has acquired Orlando Square, a 183,877-square-foot shopping center located at 1700 Sand Lake Road in Orlando, Florida. The property was sold by Apollo Global Management Inc. for a total of $25.1 million. This transaction represents a 43% appreciation in value since the property's last sale in 2019.

Summary of transaction details

Property Type: Retail
Transaction Amount: $25,100,000
Square Footage: 183,877
Purchase Price per Square Foot: $137
Address: 1700 Sand Lake Road, Orlando, Florida
Market: Orlando

Jim Michalak and Jeff Berkezchuk, representing Core Investment Management, facilitated the transaction as the buyer's brokers.

Core Investment Management plans to make improvements to Orlando Square and enhance its tenant mix.

Players

All
3

Agents
2
Agencies
1

Jim Michalak

Founder & President

$53.4M Sold

Jeff Berkezchuk

Vice President, Senior Associate

$31.4M Sold

Plaza Advisors

Details

Deal Summary

SOLD

IMAGE: Jim Michalak, Jeff Berkezchuk DATE: 06/12/2023 ADDRESS: 1700 Sand Lake Road MARKET: Orlando ASSET TYPE: Retail BUYER: Core Investment Management - Michael Lohmann SELLER: Apollo Global Management Inc. BROKERS: Jim Michalak , Jeff Berkezchuk SALE PRICE: $25,100,000 SF: 183,877 ~ PPSF: $137 NOTE: Core Investment Management has acquired Orlando Square, a shopping center in Orlando, Florida, for $25.1 million. The 183,877-square-foot property experienced a 43% appreciation in value since its last sale in 2019 and Core Investment Management plans to make improvements and enhance tenancy.

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Address1700 Sand Lake Road

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