Owens Realty Capital announced today that they have acquired, a 44,478 sq. ft., Class A suburban office building located in the Orlando submarket of Baldwin Park, Florida for $8,500,000.
The 3 story Class A building is located at 4798 New Broad Street, Orlando, FL. The property is ideally situated within the Village City Center – one of Orlando’s few “live, work, play” communities and is considered the heart of Baldwin Park which includes nearly 200,000 sq. ft. of convenient, walkable shopping, dining and entertainment options.
Baldwin III, LLC is considered the top multi-tenant office building in this highly desirable, dense community. The property is 91% occupied and its predictable income makes it one of Central Florida’s premier investment opportunities. Baldwin III is now the 8th building Owens Realty Capital has purchased this year in the Central Florida area, after closing on a $35,000,000 mixed use portfolio of 7 buildings and multiple land parcels in the Hannibal Square district of downtown Winter Park.
Palmer Vietor from Owens Realty Services represented the buyer while Ron Rogg of CBRE represented the seller. Michael Weinberg, Matthew Sand and Ashley Rosenberg from HFF secured the financing for Owens Realty Capital.