{"id":1004175869,"date":"2017-05-09T11:30:16","date_gmt":"2017-05-09T19:30:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004175869"},"modified":"2022-12-09T01:19:15","modified_gmt":"2022-12-09T09:19:15","slug":"orlando-area-office-building-trades-for-4m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/","title":{"rendered":"Orlando-Area Office Building Trades for $4M"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004175871\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/seminole-spring.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004175871\" data-attachment-id=\"1004175871\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/seminole-spring\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/seminole-spring.png\" data-orig-size=\"661,390\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Seminole Springs Office Center in Longwood, Fla.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Seminole Springs Office Center in Longwood, Fla.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/seminole-spring.png?w=661\" loading=\"lazy\" class=\"wp-image-1004175871 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/seminole-spring.png\" alt=\"Seminole Springs Office Center in Longwood, Fla.\" width=\"300\" height=\"177\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/seminole-spring.png 661w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/seminole-spring.png?resize=300,177 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004175871\" class=\"wp-caption-text\">Seminole Springs Office Center in Longwood, Fla.<\/p><\/div>\n<p>Cushman &amp; Wakefield has completed the sale of Seminole Springs Office Center, a 32,975-square-foot office building in suburban <a href=\"https:\/\/www.commercialsearch.com\/news\/cushman-wakefield-closes-record-industrial-sale-in-orlando\/\">Orlando<\/a>, in a $4.1 million transaction.<\/p>\n<p>Managing Director Damien Madsen and Senior Associate Tommy Pinel worked on behalf of the seller, Springs Equity Ltd. Seminole Springs Office Center LLC acquired the property, paying approximately $124.34 per square foot. According to public records, First Colony Bank of Florida provided $3.1 million in acquisition financing to facilitate the deal. The deal\u00a0did not include 50 percent of the underlying land, subject to a ground lease and valued at $1.05 million.<\/p>\n<p><em>\u201cThis was a great transaction for all parties involved. A true win-win solution,\u201d<\/em> said Madsen in a prepared statement. <em>\u201cThe process, sale and closing all took place with no issues,\u201d<\/em> he added.<\/p>\n<p>Completed in 1985, the three-story building features classic red brick construction, bank space, drive-thrus and ample parking. It is currently 65 percent leased, with notable tenants including Waste Pro, a waste services company headquartered at Seminole Springs Office Center. The office building sits on a 1.75-acre site at 2101 West State Road 343 in Longwood, Fla. This location offers exposure and access to Interstate 4, located less than one-quarter mile east of the property.<\/p>\n<p><em>Image courtesy of Google Maps Streetview<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &amp; Wakefield&#8217;s advisory team facilitated the disposition of Seminole Springs Office Center, which was 65 percent leased at the time of the sale.<\/p>\n","protected":false},"author":240,"featured_media":1004175871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,1493],"tags":[34908],"class_list":["post-1004175869","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-orlando","tag-cushman-wakefeld"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Orlando-Area Office Building Trades for $4M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Orlando-Area Office Building Trades for $4M\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield&#039;s advisory team facilitated the disposition of Seminole Springs Office Center, which was 65 percent leased at the time of the sale.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-09T19:30:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:19:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/seminole-spring.png\" \/>\n\t<meta property=\"og:image:width\" content=\"661\" \/>\n\t<meta property=\"og:image:height\" content=\"390\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Timea-Erika Papp\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/\",\"name\":\"Orlando-Area Office Building Trades for $4M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/seminole-spring.png\",\"datePublished\":\"2017-05-09T19:30:16+00:00\",\"dateModified\":\"2022-12-09T09:19:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/seminole-spring.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/seminole-spring.png\",\"width\":661,\"height\":390,\"caption\":\"Seminole Springs Office Center in Longwood, Fla.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/orlando-area-office-building-trades-for-4m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Orlando-Area Office Building Trades for $4M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f58a713dcbdcb5aab2648af2aa04d6ae\",\"name\":\"Timea-Erika Papp\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1abbd000efb56bab071b49e7aa22c0d49e96fb0374efdef0909c7744785579a7?s=96&d=mm&r=g\",\"caption\":\"Timea-Erika Papp\"},\"description\":\"Timea is a senior writer covering CRE marketing, tech and real estate trends, as well as industry news in the U.S. Timea was previously a senior associate editor at Multi-Housing News and Commercial Property Executive and has an academic background in law. 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