UPDATED: October 20, 2017 2:45 PM — Ohio-based Cedarwood Development is pursuing its entry to the Orlando commercial market with a potential self storage facility in the downtown SoDo District.
Located at 924 Sligh Blvd., the 1-acre parcel now under contract lies just west of the Orlando Health medical campus in Downtown Orlando. It currently houses four small industrial warehouse buildings that average 8,000 square feet, and date to 1940.
The prospective seller is Epil Sligh LLC, an affiliate of The Battaglia Group in Winter Park, which has had family members or investment vehicles holding the land asset since at least 1976.
"The property was listed for sale earlier this year and we have received several inquiries for a variety of intended uses," Battaglia COO Daniel Butts told GrowthSpotter on Friday. "The remaining tracts (on the east side of Sligh) are still available for purchase, and are presently in use under short-term parking leases."
Cedarwood has filed a conditional use permit request with the city of Orlando for a six-story self storage facility on the site.
The project's square footage and any affiliation with a particular self storage brand was not available on Friday. Development officials with Cedarwood declined to comment on the project.
The growing SoDo District does not currently have a self-storage facility in close proximity. The nearest one to the Sligh Boulevard address is more than 1.8 miles to the south.
The closest self storage project now in development or construction is Nuvo Development's 99,000-square-foot ExtraSpace Storage at 3280 S. Orange Ave., more than two miles to the south of the Orlando Health campus.
Most of Cedarwood's development work has been done in the midwestern United States and Colorado, aside from its preferred developer work nationwide for retailers like CVS, Chase Bank and Advance Auto Parts.
In Florida, the company has developed multifamily projects in Jacksonville and Bradenton, and hotels in Clearwater and West Palm Beach, according to its website.