A Jacksonville-based building supply company paid $2.09 million on April 15 for an Apopka-area warehouse and 3.75-acre undeveloped tract, with plans to develop and relocate their local distribution center.
Located at 2459 Clark St., the 43,596-square-foot warehouse lies a quarter mile west of the intersection of US 441 and SR 414-Maitland Blvd and adjacent to railroad tracks.
The buyer was MBS Orlando Real Estate LLC, an affiliate of Manning Building Supplies, one of Florida's largest distributors of building materials, including lumber and trusses. It has several lumberyards, door shops, and truss manufacturing plants throughout the state, including one in Orlando.
Manning paid $1.7 million for the warehouse property to seller Brian Moore of Wiretec Ignition Inc., who said Thursday he has no plans to reinvest his sale proceeds in another property for tax purposes.
Manning currently has a 100,000-square-foot facility it's leasing in Orlando at 3362 All American Blvd., but has been looking for the past year and a half for Orlando property to invest in, ideally with outdoor storage space.
This warehouse fit the bill, because directly north of it lies a contiguous 3.75 acres of undeveloped land, which Manning bought in a separate transaction the same day for $390,000 from MetroOne Development Company, listed by broker Jay Rohr.
Tom Kelley, CCIM and broker with NAI Realvest who led the search for Manning in Orlando, said the undeveloped parcel was key to the warehouse deal. The buyer is now designing plans for that property, and will relocate its Orlando operation when their current lease expires.
James H. Cissel III, manager of MBS Orlando, did not respond to calls seeking comment.