A St. Cloud developer has filed construction plans for a new flex office-warehouse building in the Osceola Industrial Park.
Quinn Commercial built is new 13,000-square-foot headquarters office in the industrial park in 2018. Later that year, the company bought the adjacent 2.78-acre lot at the corner of Hamlin Avenue and Old Hickory Tree Road for $565,000.
Owner Danny Quinn is seeking permits for a new 38,501-square-foot commercial-warehouse building. Quinn told GrowthSpotter he already has several tenants lined up and just posted a sign to pre-lease the remaining space.
“Half of the building is already spoken for,” he said. “That’s about 20,000 square feet. We have the ability to flex the rest of it out.”
Quinn said he was drawn to the location because it captures drive-by traffic from two highly-traveled roads. It’s also right across from a new charter school, which generates a lot traffic. “I think it’s a pretty good spot,” he said. “You’re just off 192, so you’re not having to pay 192 rates.”
Real estate investors Daryl Carter and John Reich partnered together in early 2017 to buy the undeveloped industrial lots, totaling 28 acres, in the Osceola Industrial Park, for $1.9 million.
Since then, the duo has sold all but 9.5 acres, with the largest transaction being the $1.2 million sale last September to ALDI Food Markets. The German grocer purchased 2.8 acres fronting on U.S. 192 and is currently building a 19,209-square-foot store.
The lot immediately east of Aldi sold for $925,000 to Salvador Gutierrez, who plans to build a Mexican restaurant. Carter and Reich also sold lots in the industrial park to Nestle Enterprises and Osceola Glass and Mirror for $190,000.