Big Florida warehouse sells at $48 a square foot

Tenants renew leases for 3 years

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Cornwall Road Warehouse, a 242,000-square-foot warehouse complex in Sanford, Fla., recently sold to an out-of-state buyer for $11.6 million. Ohio-based MAS Cos. purchased the facility from Humphrey Realty Inc. at 97 percent occupancy. Located at 1201 Cornwall Road, the building is situated on a 10.2-acre lot, and was renovated in 1997 and 2001. Tenants at the time of sale included All Pro Freight and Florida Extruders, both of which have renewed their leases through 2010. ...