Atlanta-based United Parcel Service (UPS) paid $1.55 million last week for the last few vacant acres up for play along a road dominated by parcel carriers west of Orlando International Airport.
Located at 1610 E. Landstreet Road, the 6.5-acre property is directly east of a 21,093-square-foot UPS package sorting facility built in 2016, on 5.84 acres that it leased last year from principals of local brokerage firm Tree Realty Orlando.
The land will be used in the near-term for delivery truck trailer staging and employee parking during the peak holiday season, a UPS spokeswoman told GrowthSpotter.
The undeveloped tract lies west of OIA, and across the street from of a major UPS distribution center at 8901 Atlantic Ave., which boasts 301,477 gross square feet of warehouse space and delivery trucks occupying about half of an 82.5-acre parcel.
The deed was signed on Nov. 16 and recorded Monday in Orange County. No new development or construction plans have been filed by UPS for the property as of Monday.
This is the last bit of undeveloped land along that stretch of Landstreet Road between S. Orange Avenue and Boggy Creek Road. With competing mail carriers FedEx, USPS and DHL all established along the road, UPS invested now to protect its expansion options.
The deal was an off-market transaction for seller Jose Antera Oliveira, a Brazilian investor based near Houston who previously paid $548,000 for the land in 2003.
In May of this year, UPS also took steps to pave another 12.21 acres of its 82.5-acre main distribution center property, to provide another 98 parking spaces for large delivery trucks.