Bill O’Connor Of O’Connor Capital Partners Sells Two-Property Retail Portfolio For $49.47M

The transaction involved the sale of a two-property, 107,850-square-foot retail portfolio located at 2501 North Main Street in Gainesville, Florida, and 2935 North Orange Blossom Trail in Kissimmee, Florida. The sale price was $49,470,000, equating to $459 per square foot. These properties are leased to Tesla and include a location near the University of Florida and a center along Orange Blossom Trail that serves as Tesla's first U.S. used-car sales and service center.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $49,470,000
• Square Footage: 107,850
• Address: 2501 North Main Street & 2935 North Orange Blossom Trail
• Market: Gainesville & Kissimmee
• Seller: Bill O'Connor - O’Connor Capital Partners
• Broker: JLL

JLL Capital Markets facilitated the acquisition on behalf of a New Jersey-based private family, representing the buyer in this transaction. The properties were developed by O’Connor Capital Partners.