Capital Placement Partners Advises Sale of 26,400-Square-Foot Intertek PSI Flex Property in Orlando for $4.2 Million

INTERTEK PSI — 1748 33rd Street, Orlando, Florida 32839

12/06/2024 - Capital Placement Partners ("CPP") is pleased to announce the successful sale of 1748 33rd Street, a 26,400-square-foot flex/industrial building located in Orlando, Florida. The property sold for $4,200,000 in December 2024, closing ahead of year-end to satisfy the Seller's exit date goals as well as the 1031 exchange timing for the buyer.

The transaction highlights Capital Placement Partners’ role in matching the seller, JACO Orlando Realty, with Eckstein Properties, a New York-based investor who had recently completed the disposition of a larger industrial park in Longwood. Leveraging deep relationships within the Florida industrial market, CPP sourced and secured the buyer on an off-market basis, negotiating highly favorable terms that included a 20-day due diligence period and a rapid closing schedule.

The building was 100% leased at the time of sale, with PSI Intertek Orlando occupying the space under a long-term lease that includes several fixed-rate options. The property is approximately 80% office with a light industrial/warehouse component, situated in a strategic central Orlando location off Interstate-4 in central Orlando. Existing rents were below market, providing longer-term upside for the buyer.

Despite the disruption caused by Hurricane Milton, which made landfall in the Gulf in early December 2024 and impacted logistics across Central Florida, the Capital Placement Partners team successfully coordinated diligence, vendor timelines, and contract execution to deliver a smooth transaction for both parties.

The seller, seeking a qualified and experienced buyer capable of closing before year-end, relied on CPP to navigate the complexity of the deal, oversee all third-party studies, and maintain momentum despite the storm-related challenges. The transaction reflects CPP’s core strengths in strategic positioning, investor matchmaking, and disciplined execution—especially in time-sensitive and nuanced deal environments.

Testimonials from both parties underscore the firm’s impact:

“When we decided to entertain the idea of selling our property at 1748 33rd Street in Orlando, we reached out to Thevin. He quickly delivered a highly competitive offer from an extremely qualified buyer, and through swift communication, we were able to complete the contract negotiations in less than 24 hours for a $4,200,000 deal. Thevin’s communication was outstanding throughout, effectively managing challenges like the aftermath of Hurricane Milton with ease. His ability to deliver results and streamline the process made him a true asset in achieving a successful sale.” — Dale M., CFO, JACO Orlando Realty

“Working with Thevin during my 1031 exchange was a fantastic experience. He found a great upleg property in Orlando and expertly negotiated an extension for the loan. At the onset of DD, he secured competitive bids for third-party reports, saving us time and money. He also addressed insurance concerns proactively, ensuring a smooth process for everyone involved—owner, tenant and us. Thevin’s professionalism and expertise made a complex transaction feel seamless, and I’m very happy with the outcome.” — Marc E., Executive Vice President, Eckstein Properties

Capital Placement Partners continues to serve as a trusted advisor to owners and investors across the industrial landscape in Central Florida and beyond.

About Capital Placement Partners

Capital Placement Partners is a Florida-based commercial real estate advisory firm specializing in the sale and repositioning of industrial, flex, and office assets throughout the Southeast. With deep expertise in investment sales, 1031 exchange advisory, and strategic portfolio analysis, the firm helps property owners maximize value and execute with confidence in every phase of the asset lifecycle. For more information, visit cpprealty.com.