International Corporate Park came online earlier this year.
Whitley Capital has sold International Corporate Park, a 262,200-square-foot two-building asset in Orlando, Fla., for $30.1 million. JLL Capital Markets worked on behalf of the seller. Oaktree Capital Management is the new owner.
International Corporate Park is located at 8695 Transport Drive and includes two Class A industrial buildings. The property consists of a 143,000-square-foot, rear-load building, which is fully leased and offers 35 dock doors and 184 parking spots, as well as a 119,200-square-foot, front-load building with 22 dock doors and 140 parking spots. Both buildings feature 32-foot clear heights and share a truck court and parking.
Recently completed in 2022, International Corporate Park is situated on a 16.5-acre lot, across Beachline Expressway, providing access to Interstates 4 and 95. The property is also close to Florida’s Turnpike, Orlando Beltway and State Route 417, which place it within a 90-minute drive of 23 percent of the state’s 21.6 million residents. The two-building asset is also situated within 12.3 miles from Orlando International Airport, 21.2 miles from downtown Orlando, 21.6 miles from SeaWorld Orlando and Orange County Convention Center, and within 26 miles of Universal Studios Florida.
JLL Capital Markets’ team working on behalf of the seller was led by Managing Directors Luis Castillo and Joe Hills, Senior Managing Director Britton Burdette, Executive Vice President Josh Lipoff and Director Cody Brais.
Earlier this year, another industrial building portfolio changed hands. Sealy & Co. purchased two Class A logistics facilities, representing 841,849 square feet.