Industrial Real Estate Developments

Sanford electrical contractor plans new industrial space, seeks GC & lender

A Sanford electrical contractor is investing in new warehouse and office space that could lead to opportunities in the development community, as well as new industrial space for other companies.

Del-Air Electrical Services, Inc. plans to build two 40,000-square-foot warehouse/office buildings at the northeast intersection of Meisch Road and St. John's Parkway, in the North Star Industrial Park. Site plans have been approved by the City of Sanford, and the company is awaiting a permit from the St. Johns River Water Management District.

Plans call for one 200-foot by 200-foot building, and one 100-foot by 400-foot building on the 8.87-acre parcel. Del-Air Electrical owner Joe Strada said half of the 200-by-200 building would house his company. The other half would initially be leased out until such time as the company needed to expand.

The second building would be available for lease, Strada said. Preliminary plans show the building subdivided into one 100-by-100-foot section and 12 100-by-25-foot sections, which could serve as flex space for small or start-up companies in the North Seminole County area.

"Ideally I would like to find one tenant for the entire space," said Strada. "As soon as we begin clearing the land we'll start to market the property. At this stage we could build to suit, rather than having to modify after-the-fact."

Strada said he has not inked an agreement for a general contractor at this time, though he has been in discussion with a company he declined to name. Strada added that he will seek traditional bank financing for the project, and would be contacting banks in the coming weeks.

Strada said he's making the investment in the new building because of the tremendous growth his company has seen recently. Del-Air Electrical Services was originally a division of Del-Air Heating, Air Conditioning and Refrigeration Inc. Strada bought out his partners at the end of 2015, and has been operating his business out of a temporary facility on Tech Drive in the North Star Industrial Park.

With business up 40 percent over last year, Strada said he needed more space for his 500 employees. He purchased the property at Meisch Road and St. John's Parkway in March for $900,000, because it provided enough room to build a facility capable of future expansion for his business, as well as to build an investment property for a second revenue source.

"We've grown tremendously and continue to see strong growth, and this property gives us the ability to expand," said Strada. "And there's not a lot of office/warehouse space left, so this is a good investment all the way around."

Strada hopes to begin clearing land by the end of August. Engineered Permits Inc. of DeLand has been hired for engineering on the project, while Scott's Surveying Services Inc. of DeBary is doing the surveying.


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