Orlando, Fla. – Daryl Carter and Scott Crossman recently sold Belle Isle Commons shopping center in Orlando, Fla. on Monday, June 1 to a private investor. Managing Director of Investment Sales, Mark Thompson with Crossman & Company represented the seller in the $11.5 million transaction.
The 82,093-square-foot center is located at 5126 S. Conway Road, near the Orlando International Airport. It is anchored by Planet Fitness and was 98 percent occupied at the time of the sale.
“Belle Isle Commons represented an opportunity for this investor to capture a very well-maintained and managed neighborhood center positioned between two major market drivers in both Downtown Orlando and the Orlando International Airport. As downtown continues to push South along Orange Avenue and the airport continues to drive new development North along Semoran Boulevard, Belle Isle Commons is uniquely positioned in one of the few locations within the city that will allow an asset to benefit from both major economic drivers,” said Crossman & Company Managing Director, Mark Thompson.
Financing was provided through HC Real Estate Capital, LLC in Delray Beach, Fla.
About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton, Orlando and Tampa – representing more than 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; demonstrate servant leadership; practice kindness, openness and humility; and develop new talent. For more information, visit the company’s website at www.crossmanco.com.