Trey Gravenstein and Michael Castrilli of First Capital Property Group, Inc. (FCPG) completed the sale of the former Darland Bakery on South Street in the Milk District of Orlando, Florida. Darland Bakery was family owned and operated, serving Florida since 1951. After closing the bakery, the family decided to convert the 13,046 building into a multi-tenant retail center anchored by Orlando Power Yoga and Whippoorwill Beer House and Package Store.
FCPG has managed and leased the center since 2016 and increased the occupancy to 79% at the time of sale. The sale transaction closed on February 25th, 2021.
Trey Gravenstein and Michael Castrilli represented the Seller. The Buyer, represented by Tony Nguyen of Total Commercial, purchased the asset free and clear of existing debt.