Jones Lang LaSalle ("JLL") has been exclusively retained to market the fee simple sale of 1801 Cypress Lake Dr (the "Property"), a ±168,515 square foot infill distribution facility on 10.62 acres in the heart of Orlando's top industrial submarket, Southeast Orange County. The Property is currently owned and occupied by Veyer Logistics ("VEYER"), a logistics firm owned by Office Depot's parent company, The ODP Corporation. VEYER has announced it will close this location and will be vacating the property upon sale.
Clayco developed the Property in 1998 as a build-to-suit for Boise Cascade and was subsequently expanded in 2005 to its current footprint. The building has been owner-occupied since its development and offers market-desirable features, including 30' clear height, dedicated office space totaling 12,590 SF, a secure truck court, and 25 loading doors with ample vehicle parking. Additionally, the Property is strategically located west of Orlando's International Airport (MCO) at the confluence of the region's major highway systems, making it an ideal hub to serve nearly 4M people within 60 minutes.
The offering provides an investor the rare opportunity to acquire a highly functional distribution facility with exceptional highway access at a core Orlando location at an attractive basis with immediate value creation through lease-up.