Colorado Investment Firm Sells Central Florida Industrial Property
Firm exits property after establishing new long-term tenants at 100 percent occupied
ORLANDO, FLORIDA – October 3, 2017 – Real Capital Solutions, a nationally-focused investor of work-out and value-add properties, has sold a 706,560 square-foot distribution building located at 19925 Independence Boulevard in Groveland, Florida. The Louisville, Colorado-based Real Capital Solutions (RCS) acquired the building in 2015, which served as the former regional distribution center for Circuit City, offering convenient access to the Florida Turnpike and U.S. Highway 27.
Real Capital Solutions repositioned the Groveland Industrial building into a multi-tenant distribution center in the rapidly improving Central Florida Industrial Market. The current tenants reflect a range of ecommerce and other active industrial users in the market.
“Typical of our strategy, we are able to buy off-market deals for attractive pricing. This allows us to offer tenants excellent lease value and generous tenant improvement allowances if their business needs it. Our business is highly entrepreneurial and we can respond very quickly to client needs,” said Marcel Arsenault, CEO and Founder of Real Capital Solutions.
RCS is known for its forecasts for predictive timing in commercial real estate markets. Real Capital Solutions continues to seek new acquisitions throughout the United States and expects to purchase over $300 million in real estate assets in 2017.
About Real Capital Solutions
Real Capital Solutions is an active investment manager that provides smart capital and practical solutions for real estate opportunities. For over 30 years, RCS has achieved great success investing in entrepreneurial real estate ventures. During that time, the company has purchased and managed more than 365 real estate investments totaling approximately $3.5 billion. Real Capital Solutions’ investment performance is a result of a solutions-oriented approach to property acquisition, development, management and divestiture. RCS will continue to produce exceptional returns for its investors by working with operating partners that share the same entrepreneurial drive and operational precision in order to achieve extraordinary performance.
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