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.
Owens Reality Capital is a boutique investment management firm based in Orlando, Florida that owns, develops and operates commercial properties in Orlando and Tampa alongside its operating partner, Owens Realty Services. Owens Realty Services provides commercial real estate services for more than 40 million square feet of commercial real estate with a value of more than $8 billion in real estate net worth. Services include investment property management, public sector facility management, facility maintenance, commercial sales and leasing brokerage, arena maintenance management as well as janitorial maintenance services. The company employs more than 1,000 real estate industry professionals throughout the United States.