Blackline exclusively advised the Seller in the record-setting sale of 1101 Central Park Drive, a fully occupied small-bay industrial asset located within Sanford’s premier Central Park / Tech Drive micromarket. The property was 100% leased at sale, with approximately 75% of the tenancy on month-to-month agreements, providing immediate flexibility for a future owner-user.

The asset was brought to market for the first time since the former owner constructed the building and generated significant buyer interest, resulting in multiple qualified offers within days of launch. The property was placed under contract just six days after marketing commenced and ultimately sold all-cash, free of property contingencies, to a future owner-occupant with 1031 funds.

The transaction closed at $1,450,000, equating to $232 per rentable square foot, establishing a new pricing benchmark for small-bay industrial assets in the Central Park / Tech Drive micromarket of Sanford with no attributable excess land value.

By leveraging local market knowledge and targeting strategic owner-users rather than solely yield-driven investors, Blackline was able to maximize certainty of execution and achieve a market-leading outcome for the Seller.