Miami-based Orlando Industrial 3 RE, LLC,an entity managed by Michael Kramer, has picked up the Orlando Small-Bay Portfolio in a $17.5 million sale. The three-park, 13-building asset totals 289,346 sqf and is made up of Goldenrod CommerCenter, Hanging Moss CommerCenter, and Monroe CommerCenter South. Hanging Moss CommerCenter and Goldenrod CommerCenter are located in Orlando, on Hanging Moss Road and North Goldenrod Road, respectively, and consist of eight grade-level, small-bay warehouse properties totaling 172,846 sqf. Monroe CommerCenter South, which totals 82,665 sqf is located in the Lake Mary/Sanford submarket within the Orlando MSA at 627-739 Progress Way. Marcus & Millichap represented both the buyer and the sellers of the flex/Industrial parks.
