Industrial Manufacturing and Corporate Headquarters Building

posted Aug 15, 2013, 3:47 PM by johnstaubly   [ updated Aug 19, 2013, 6:33 PM ]
A 562,817 square foot office industrial building located at 2452 Emma Oaks Trail, Lake Mary, Florida. This was the former Leisure Bay Industries World Headquarters and REO property. The property was recently sold and is operating as a multi-tenant industrial property, Innovations at Lake Mary and currently operating at a below market occupancy. The Appraisal problem was to estimate the “As Is” and “Upon Stabilization” values in a down real estate market and analyze the cost to bring to stabilization.