Class A Office Asset Trades In Key Orlando Submarket
Baldwin III is the 8th building Owens Realty Capital has purchased this year in Central Florida.
By Robert Demeter
Baldwin III
Orlando—Owens Realty Capital, a full-service commercial brokerage, investment and management company has recently acquired Baldwin III, a 44,478-square-foot, Class A suburban office building located in Orlando. The firm purchased the asset for $8.5 million.
Palmer Vietor from Owens Realty Services represented Owens Realty Capital in the transaction. HFF’s Michael Weinberg, Matthew Sand and Ashley Rosenberg secured $5.6 million acquisition financing on behalf of the buyer. CBRE represented the seller.
The 3-story building is located at 4798 New Broad St. in Orlando’s Baldwin Park submarket with convenient access to Florida State Road 50, Interstate 4 and Florida State Road 408. Baldwin III is a 91 percent leased multi-tenant office building in a highly desirable and dense community.
The property is the 8th building Owens Realty Capital has purchased this year in the Central Florida area, after closing on a $35 million mixed use portfolio of 7 buildings and multiple land parcels in the Hannibal Square district of downtown Winter Park.
Photo courtesy of Owens Realty Capital
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