ORLANDO – Kevin O’Connor, Principal, Matt Cichocki, Principal, Tom R. Kelley II, CCIM, Principal and Chris Adams, MiCP, Vice President represented the seller, Heaven 3 RE, LLC, in the sale of Heaven III at 6925 Lake Ellenor Drive, Orlando.
The property is 114,250± SF office/flex business park consisting of 6 single-story buildings on 8.8 acres.
The leasing team of Tom Kelley and Chris Adams leased the park to 98% occupancy, prompting the owner to sell it as an investment property.
“The property is well-located as it is just off US Hwy 441, close to Sand Lake Road and the Florida Mall. The location attracts a wide variety of users, which ensures that the occupancy rate remains high” said Matt Cichocki.
The buyer, Emma IV, Inc., paid $12,500,000 for the property. They were represented by Radha Rambilas of RS Equity Services, LLC.
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