Sale Price and Date
In a noteworthy transaction that underscores the robust demand for industrial properties, the Osceola Logistics Center in Kissimmee was sold for a substantial $54.6 million. The sale took place in September 2024, reflecting a thriving market for logistical and manufacturing spaces in the region.
Buyer
The prestigious purchase was made by Principal Asset Management, a prominent investment firm headquartered in Iowa. Known for its strategic acquisitions, Principal Asset Management’s decision to acquire the Kissimmee facility highlights their confidence in the property’s potential to meet growing industrial demands and deliver long-term returns.
Facility Details
The Osceola Logistics Center represents a significant asset within the industrial real estate sector. This expansive facility covers an impressive 280,800 square feet, offering ample space for a variety of logistical operations or manufacturing activities. The sheer size and state-of-the-art infrastructure of the complex make it a valuable addition to any logistical or industrial portfolio.
Location
Strategically located in Kissimmee, within Osceola County, the logistics center is perfectly positioned to serve the dense economic corridor of central Florida. This prime location not only facilitates efficient transportation and distribution of goods but also provides easy access to major highways, airports, and other transportation hubs, making it an advantageous site for businesses aiming to expand their reach within the region and beyond.
Conclusion
The acquisition of the Osceola Logistics Center by Principal Asset Management for $54.6 million marks a significant moment in Kissimmee’s industrial real estate landscape. This transaction highlights the area’s lucrative potential and the growing interest from major investment entities seeking to capitalize on the strategic benefits offered by such facilities. As the demand for industrial space continues to surge, the Osceola Logistics Center stands as a testament to Kissimmee’s crucial role in accommodating this burgeoning sector.
