Marcus & Millichap negotiated the sale of Point 100, a 40,726-square foot, three-story office property located in Maitland, according to Justin W. West, regional manager of the firm’s Orlando office.
The property sold for $7,750,000.
David Vaughan and Ray Turchi, investment specialists in Marcus & Millichap’s Orlando office, had the exclusive listing to market the property on behalf of the seller, a private local investor. The buyer, WS Properties of Orange County, LLC, was also procured by Vaughan and Turchi.
“Point 100 is a premier Maitland office building, and this sale is a good indication of the reinstated confidence in the Orlando MSA office market as a whole,” said Vaughan.
Point 100 is located at 100 E Sybelia Avenue in Maitland with close proximity to the new downtown district, Uptown Maitland Senior Living complex, and Maitland City Centre. Constructed in 1982 and extensively renovated in recent years, the 20-suite office tenant roster includes AdventHealth Medical Group, Nemours Children’s Health and Acentria Insurance.