Record $254/SF Flex Sale Highlights Strength of Demand in Sanford, Brokered by Capital Placement Partners

659 Hickman Circle, Sanford, Florida 32771

05/21/2025 — Capital Placement Partners is pleased to announce the record-setting sale of 659 Hickman Circle in Sanford, Florida (Orlando MSA), which closed at $1,750,000 — an unprecedented $254 per square foot for the local area in West Sanford, Florida.

Our campaign generated 201 actionable leads with direct emails exchanged, 78 executed confidentiality agreements, and 13,522 listing impressions across our marketing channels. We received nine (9) purchase offers from qualified offerors, and created a bidding war between the top five (5) qualified groups to maximize the Seller's exit price.

This transaction establishes a new high-water mark for flex pricing in the west Sanford market, highlighting the strength of the asset and the market’s appetite for quality income and owner-user properties. The property was 100% occupied by Full-Tilt Contracting, LLC, a fully-owned subsidiary of LITHKO Contracting, LLC.

Thevin Campton exclusively advised the seller as part of a strategic real estate review. By identifying the right buyer through local relationships, creating a competitive offering environment, and targeting strategic users rather than pure-play investors, the team was able to drive maximum value for the Seller.

Buyers within our competitive bidding process included local owner-occupiers, Florida-based investors, and out-of-state 1031 exchange buyers.

Ultimately, the buyer selected was a local, fast-growing company seeking to acquire the building as a strategic acquisition — a key factor in achieving the premium pricing while ensuring surety of close.

Built in 2017 with tilt-wall construction, the 6,880± SF building features high-end professional office finishes and a rear warehouse component, making it the most well-appointed asset in the Hickman Circle development.

For additional information about this transaction or to discuss how current market activity impacts your property’s value, please contact us.

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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 institutional 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.