Infinity Properties, led by Shane Decker and Brett Schlacter close on their 8th industrial deal this year
Infinity Properties, led by Shane Decker and Brett Schlacter close on their 8th industrial deal this year adding 86,000 SF to their portfolio with a $9,125,000 off-market purchase located at 2750 Michigan Ave, Kissimmee, FL (Orlando MSA). The deal was sourced in-house by Pamela McCleod, Infinity’s Director of Acquisitions and includes 6 buildings fronting busy Michigan Ave sitting on over 6.5 acres. The deal closed on 12.20.2021.
The asset consists of pristine small-bay (four-buildings) + two retail/flex buildings strategically located just minutes off the Turnpike, which is centrally located immediately in between Orlando’s International Airport and the Walt Disney World Resorts and is the largest light industrial/flex commerce park of its kind in the area. This particular submarket of Orlando is experiencing massive growth with new developments breaking ground all over the place.
The unit sizes (1,700 SQ FT bays) and configuration, curb appeal + total footprint makes this acquisition a perfect addition to Infinity’s portfolio. The Kissimmee submarket is currently experiencing a sub-2% vacancy factor.
Infinity Properties closed on a $10,000,000 3-building portfolio purchase earlier this year in Orlando consisting of near identical product (small-bay) in Longwood, FL. This brings Infinity to over 200,000 SF of assets under management in the Orlando MSA and plans to acquire another 800,000 SF in 2022.
Infinity Properties is one of Florida’s top buyers for light industrial flex product, acquiring 27 buildings and over $75,000,000 worth of deals in 2021 alone.
For any deals or partnership opportunities please contact:
shane@infinitypropertiesusa.com