Orlando Office Building Sells in Competitive 21-Day Escrow

Orlando, FL —  Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, facilitated the sale of an office building located at 5749 Westgate Drive, Orlando, FL. Matthews™ Market Leader Robert Goldberg and Associates Grant Steinberg, Brandon Senia, and Rainer McDonald represented the seller in the $6,850,000 transaction.

Matthews™ completed the sale of a three-story office building in a 21-day escrow, all-cash transaction. The property’s excellent condition and prime location in Orlando contributed to a highly competitive marketing process, resulting in eight offers. The most qualified investor group was quickly selected.

The buyer, a local investor with several office buildings in the area, plans to reconfigure the building’s interior. The updated layout will feature a more modern design with smaller, flexible suites, which are expected to attract boutique firms and small-to-mid-sized companies. This strategy is anticipated to increase rents per square foot and improve leasing potential.

The seller achieved a complete exit, while the buyer acquired a well-located asset with significant upside potential.

“Work-from-home may have surged during the pandemic, but collaboration, culture, and innovation thrive in person,” Steinberg said. “An office building anchors a company’s identity and drives long-term growth. This deal shows offices will rebound as an asset class in the coming years.”

For more information or to contact a Matthews™ specialized agent, please visit
www.matthews.com.

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

PRESS CONTACT

Kaylee Stock
(602) 218-5213
kaylee.stock@matthews.com