The Real Deal Miami

Sanford industrial center goes for $9.9 million

Florida-based buyer bought the 9-year-old property for $90 per square foot

January 16, 2016 05:00PM

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Vantage Point in Sanford

Vantage Point in Sanford

Brokerage firm Lee & Associates Central Florida announced the sale of a  four-building, 110,000-square-foot industrial property in Sanford for $9.9 million, or $90 per square foot.

Bo Bradford and Tom McFadden of Lee & Associates Central Florida represented the seller, Windsor at Vantage Point LLC, an affiliate of GID Investments in Boston.

The nine-year-old industrial property, called Vantage Point, is 89 percent occupied.

Bradford described Vantage Point in a press release as “a quality, institutional investment grade flex project.”

Gene Snyder & Co. represented the Florida-based buyer, Finance & Acquisitions LLC.

The four-building complex now has seven tenants, including Adventist, Tecta America, Mitsubishi, EKF Diagnostics and Patterson Dental.

Lee & Associates said Boston-based GID Investments sold the property at 570-588 Monroe Road in Sanford and multiple other properties as part of an overall strategic plan.