CBRE arranged the sale of a 124,500-square-foot single-tenant office property leased to Kaplan University in Orlando. US-based City Office REIT acquired the two-story building at Central Florida Research Park from RT Ingenuity, LLC for $26.5m. CBRE represented the seller.
āCentral Florida Research Park (CRFP) offers a combination of flexible office space, great amenities and convenient access to major transportation arteries,ā said Ronald J. Rogg, Executive Vice President of CBRE Capital Markets, Office & Industrial.
According to the release, the property features a 25-foot-high glass atrium, open spiral staircase, on-site modern cafeteria, and high technology infrastructure, which includes uninterrupted and redundant power, FM-200 dry fire suppression, advanced security and fire protection, and CAT5 cabling throughout. The site also includes land for future development.
In 2008, Kaplan University signed a 13-year lease for the entire building and uses the property as a customer support center that has sales, marketing and customer service functions.
