A Miami-based investment firm has written a roughly $56 million check for Cypress Park, a five-building industrial complex tucked just west of Orlando International Airport. The property is a nearly fully leased last-mile cluster along Satellite Boulevard that caters to a mix of light-industrial and distribution tenants. The buy extends a run of institutional trades in the airport submarket, where small-bay space has become a hot commodity and increasingly hard to find.
Deal details and property features
JLL Capital Markets said it arranged the sale, reporting a $56.1 million price for the roughly 256,838-square-foot Cypress Park and identifying Miami’s Midtown Capital Partners as the buyer. According to JLL, the five-building park spans about 23.4 acres along Satellite Boulevard and was roughly 99% leased at closing to 26 tenants. The brokerage highlighted the asset’s shallow-bay layout, 45 dock-high doors and 20 to 22-foot clear heights as key features for regional distributors and small users looking to stay close to the airport.
Seller's improvements and exit
Harbert Management Corporation, which acquired the property in 2024, credited a hands-on leasing push and steady rent-up work for Cypress Park’s performance ahead of the flip. In a release from Harbert Management Corporation, Todd Jordan said, "Cypress Park presents a rare opportunity within Orlando’s highly desirable light industrial market." Harbert told investors it lifted occupancy from the high-80s to full occupancy and raised rents substantially before heading for the exit.
Where the market stands
Orlando’s industrial market has tightened in recent quarters as demand for last-mile and small-bay space continues to outstrip new supply, especially around the airport and the major tollways. Cushman & Wakefield reports that vacancy in the metro’s industrial segment fell in Q2 2026, and local brokers say small-bay availability in particular remains scarce. The JLL team noted that the offering attracted multiple qualified bids during marketing, a sign that investors are still lining up for infill, cash-flowing industrial assets in Central Florida.
Buyer's Florida play and deal math
Midtown Capital Partners has kept busy across Florida in recent years, picking up small-bay parks and value-add industrial properties as part of a broader Sunbelt growth strategy, according to company materials. The Cypress Park trade pencils out to roughly $218 per square foot based on the reported price and square footage, giving Midtown a near-term platform to operate or to chase further rental gains in a tightening market. Midtown’s own site points to earlier Florida buys, including a Groveland industrial park acquired in 2024.
Local reaction
Local business outlets quickly flagged the deal after broker and seller announcements, with the Orlando Business Journal reporting on the transaction. For brokers and tenants working the airport submarket, the sale reads as one more reminder that well-located, small-bay industrial product around Orlando’s gateway is still very much in demand.
