Pending — 4212 Hogshead Road, Apopka, FL 32703 | $10,000,000 | Creegan Group Commercial Division Represents Both Sides of Central Florida’s Largest Industrial Land Transaction
Creegan Group Commercial Division | Central Florida’s Full-Service Commercial Real Estate Brokerage | Industrial, Logistics & Land Transactions | 2025 Broker of the Year | Top 40 Nationwide
Creegan Group’s Commercial Division has secured a pending transaction on one of the most significant industrial land opportunities in Northwest Orange County — 4212 Hogshead Road, Apopka, Florida, 37.77 acres of I-L zoned industrial land positioned at the epicenter of Central Florida’s fastest-growing logistics corridor, under contract at $10,000,000.
In a transaction of this scale and complexity, Creegan Group Commercial is representing both the buyer and the seller — a dual representation that reflects the depth of our commercial relationships, the trust both parties place in our market knowledge, and the capability of a commercial division that operates at the highest level of Central Florida’s investment and industrial real estate market.
This is not a residential brokerage that takes an occasional commercial listing. This is a purpose-built commercial real estate operation with the market intelligence, the transactional infrastructure, and the relationship network to move a $10,000,000 industrial land transaction from listing to contract — representing both principals — while delivering the fiduciary precision that a deal of this magnitude demands from every party at the table.
The Property — 37.77 Acres at the Heart of Apopka’s Industrial Expansion
The Land Position
4212 Hogshead Road is not a speculative land parcel on the fringe of an emerging industrial market. It is a 37.77-acre I-L (Industrial Light) zoned site positioned at the operational center of the Apopka industrial ecosystem — surrounded by the established tenants, the infrastructure, and the institutional development activity that define a proven logistics submarket rather than a hoped-for one.
The site sits within direct proximity to the Mid-Florida Logistics Center — the industrial campus that brought Amazon, Coca-Cola, Goya Foods, and CoPart to the Apopka corridor, establishing the anchor tenancy and the operational validation that transforms a market from emerging to established. When Amazon, Coca-Cola, and Goya have placed distribution infrastructure in a submarket, they have done the market validation work that no broker’s pitch deck can replicate. The institutional users who evaluate location decisions with multi-year operational commitments have already voted with leases — and they voted for Apopka.
The Apollo Development Plan — 594,000 Square Feet Across Three Buildings
The Apollo master development plan is the vision that the site’s scale, zoning, and infrastructure access support: a three-building industrial complex delivering 594,000 square feet of warehouse and distribution space on a land position that the Apopka market’s trajectory makes increasingly difficult to assemble at any price.
Building 1 alone is planned at 178,200 square feet — a footprint that positions it within the size tier that regional distributors, third-party logistics operators, and mid-market manufacturing users most actively seek in the current Orlando industrial market. The multi-building configuration of the full Apollo plan allows a developer or owner-operator to phase the project in alignment with market absorption, tenant pre-leasing, and capital deployment timelines — a flexibility that single-building development on smaller sites cannot provide.
The existing structures on the 37.77 acres are acknowledged tear-downs — value resides entirely in the land position, the entitlement status, the I-L zoning, and the infrastructure access that makes this site shovel-ready for a developer with the vision to execute the Apollo plan or a modified configuration that the buyer’s specific use case demands.
Infrastructure Access — Railroad, Highways, and Air Freight
The transportation infrastructure accessible from 4212 Hogshead Road is the kind of multi-modal access that industrial site selectors price into a location decision at a premium — because it is the infrastructure that does not appear in every market and that cannot be retroactively installed once a site is committed.
Railroad access is available at the property — the freight rail connectivity that heavy industrial users, bulk distribution operators, and manufacturing tenants require and that the Apopka corridor’s industrial positioning supports. In an era of supply chain reconfiguration and increasing domestic manufacturing investment, rail-served industrial sites command a specific premium that unserved sites in the same submarket cannot match.
SR 441, SR 451, and SR 429 provide the highway network that makes 4212 Hogshead Road accessible to every major Central Florida population center, port facility, and distribution destination: I-4 connectivity, the Florida Turnpike network, and the beltway infrastructure that makes the Northwest Orange County corridor what Cushman & Wakefield, Avison Young, and Lee & Associates have all identified as the fastest-growing industrial submarket in the Greater Orlando market.
Orlando International Airport is accessible for air freight operations — relevant for the pharmaceutical, electronics, and high-value goods distribution users whose supply chains require air cargo integration with ground distribution.
Phase I and II Environmental Studies are available — removing the diligence uncertainty that frequently extends industrial land transactions and allowing a qualified buyer to move from contract to closing with the environmental documentation already in hand.
The Apopka Industrial Corridor — Why This Is Where Central Florida’s Industrial Growth Is Happening
The question that sophisticated industrial investors and operators ask about any submarket is not “is this market growing?” It is: “where in this market is growth happening fastest, and does the land position we are evaluating capture that trajectory rather than lag it?”
For the Central Florida industrial market in 2025 and 2026, that question has a precise answer: Northwest Orange County and the Apopka corridor.
Northwest Orange County currently has more than 4.1 million square feet of industrial warehouse space under construction — representing more than half of all industrial development currently underway across the entire Greater Orlando market. This is not a market where growth is projected. It is a market where construction cranes and tilt-wall panels are the current visual reality.
The catalyst that unlocked this corridor was infrastructure. The Wekiva Parkway, whose critical sections opened in 2020, created the north-south and east-west connectivity that the SR 429 beltway system required to function as a genuine regional distribution hub rather than a local arterial network. That infrastructure investment — years in the planning, significant in its construction cost — changed the economic geography of Northwest Orange County in ways that are still being fully priced into the land and development market.
Amazon, Coca-Cola, Goya Foods, and CoPart are not tenants who chose Apopka before the infrastructure was there. They are the tenants who recognized, when the infrastructure arrived, that Apopka offered the combination of land availability, zoning capacity, highway connectivity, and labor market access that their distribution requirements demanded — at a land cost basis that the closer-in Orlando submarkets could no longer approach.
Cadence Partners — one of Central Florida’s most active industrial developers — has been expanding the NorthStar Industrial Park in Apopka continuously, with successive land acquisitions and development phases that reflect institutional confidence in the submarket’s trajectory. When a sophisticated regional developer with access to capital and market data continues to commit to a submarket across multiple years and multiple projects, the directional signal for that market’s fundamentals is unambiguous.
The tenant that signed a 237,000 square foot lease at NorthStar (Keystone Automotive, Q3 2025) and the 1.2 million square foot presence of Ryder Truck Rental in the same corridor are the lease comps that validate the rental rate trajectory — and that give a developer acquiring 37.77 acres at 4212 Hogshead Road the tenant demand context that underwrites a 594,000 square foot development thesis.
The Orlando Industrial Market — The Investment Thesis in the Numbers
For investors and operators evaluating the $10,000,000 land position at 4212 Hogshead Road against the broader capital deployment alternatives available in the Central Florida industrial market, the current market data provides the context that investment committee underwriting requires.
Vacancy: 7.2 percent in Q4 2025 — down 110 basis points year-over-year, the lowest vacancy rate the Greater Orlando industrial market has recorded since Q1 2024. A declining vacancy rate in a market with 3.3 million square feet of new supply under construction for 2026 delivery is the signal that absorption is outpacing supply — the fundamental condition that supports rent growth and justifies new development investment.
Asking rents: $11.62 per square foot NNN as of Q4 2025, up from $11.56 per square foot in Q4 2024. On 594,000 square feet of planned building area at the Apollo development program, the revenue potential of the fully developed site at current market rents — before the 7 to 9 percent annual rent growth that CBRE has projected for Orlando as a top-10 U.S. industrial market in 2026 — represents a stabilized asset value that the $10,000,000 land acquisition positions a developer to access.
Absorption: 1.5 million square feet in Q3 2025, followed by 630,812 square feet in Q4 2025. Consecutive quarters of positive net absorption in a market delivering new supply confirms that the demand side of the equation is not a projection. It is the current operational reality of every distribution operator, logistics provider, and industrial tenant evaluating Central Florida space requirements in this cycle.
Cap rates in the 5.0 to 5.3 percent range nationally, with Florida industrial assets reflecting the state’s favorable demand dynamics, population growth, and distribution infrastructure investment. For an Apopka industrial development positioned within the proven tenant ecosystem of the Mid-Florida Logistics Center corridor, the stabilized cap rate on a Class A industrial product delivered at scale is the underwriting metric that institutional buyers will apply when the completed development reaches the disposition market.
Orlando is expected to maintain its top-two growth ranking among major U.S. markets for the fourth consecutive year — a demographic and economic expansion that translates directly into sustained industrial demand for the distribution, logistics, and manufacturing infrastructure that a growing population base requires.
Dual Representation — What It Means When Creegan Group Sits on Both Sides of the Table
In a transaction as complex and as significant as a $10,000,000 industrial land closing in which the same brokerage represents both the buyer and the seller, the professional standard that governs the representation is not reduced. It is elevated.
Dual representation — also called transaction brokerage in the Florida commercial real estate context — requires that the representing brokerage maintain the highest standard of transparency, disclosure, and professional conduct simultaneously for both principals. The seller is entitled to know that their pricing expectations and transaction objectives are being advocated honestly. The buyer is entitled to know that the property information they receive and the transaction terms they negotiate are accurate and complete. And both parties are entitled to a brokerage that has the market knowledge to structure a transaction that reflects genuine market value — rather than the distortions that can emerge when one party’s representation is inadequately informed.
Creegan Group Commercial’s ability to represent both principals at 4212 Hogshead Road is not the product of proximity or convenience. It is the product of a commercial division whose market intelligence in the Central Florida industrial sector — the land values, the development economics, the tenant demand dynamics, and the cap rate environment that govern a $10,000,000 industrial transaction — is deep enough that both a sophisticated industrial land seller and a sophisticated industrial land buyer chose to trust the same brokerage with their respective interests.
That trust is the highest credential a commercial real estate brokerage can earn. It is earned transaction by transaction, market cycle by market cycle, by demonstrating the knowledge, the integrity, and the execution that $10,000,000 commercial principals require from their professional representation.
Creegan Group Commercial Division — Central Florida’s Full-Service Commercial Real Estate Brokerage
Creegan Group is not a residential brokerage with a commercial sideline. The Commercial Division of Creegan Group operates as a purpose-built commercial real estate practice with the market coverage, the transactional sophistication, and the client relationships that Central Florida’s commercial market demands from a brokerage operating at this level.
The $10,000,000 pending transaction at 4212 Hogshead Road sits alongside a residential production record that includes $52 million in closed residential transactions in Q1 2026 alone, 134 families moved, and top 0.1 percent production ranking among all Central Florida brokerages — and a commercial division track record that includes the $2,950,000 sale of 630 S. Maitland Avenue, demonstrating the full-spectrum transactional capability of a brokerage that operates at the highest level across both commercial and residential asset classes simultaneously.
Creegan Group Commercial’s market coverage in Central Florida encompasses:
Industrial and logistics properties — from single-tenant warehouse acquisitions to multi-building logistics park dispositions, across every industrial submarket in the Greater Orlando metro: Apopka and Northwest Orange County, the Airport South submarket, the I-4 corridor, East Orange County, and the emerging Horizon West and Polk County logistics submarkets.
Land transactions for commercial and industrial development — including the site selection, zoning analysis, entitlement assessment, and development economics underwriting that industrial land transactions require from a brokerage that understands not just the current use value but the highest-and-best-use trajectory that the market and the regulatory environment support.
Investment property and income-producing asset transactions — NNN retail, office, mixed-use, and multi-tenant commercial properties across the Central Florida market, evaluated and marketed with the cap rate discipline and investor return analysis that commercial asset buyers require.
Owner-user commercial acquisitions and dispositions — representing businesses that own their real estate and need the sophisticated commercial representation that a transaction of this category demands, whether acquiring a first owner-occupied facility or repositioning an existing asset through a sale-leaseback or disposition strategy.
For Commercial Real Estate Principals in Central Florida — The Conversation Starts Here
If you are a commercial real estate investor, developer, or owner-operator evaluating opportunities in the Central Florida industrial, logistics, land, or commercial investment market — Creegan Group Commercial is the brokerage that brings the market intelligence, the transactional track record, and the dual-side relationship network that significant commercial transactions require.
Whether you are:
An industrial developer evaluating land acquisition in the Northwest Orange County corridor or any other Central Florida industrial submarket — with the market data, the entitlement knowledge, and the comparable transaction experience that a complex industrial land deal requires;
A logistics or distribution operator seeking to acquire or lease industrial space in a Central Florida submarket that is being reshaped by the SR 429 corridor expansion and the institutional tenant activity that has made Apopka the region’s most active industrial development market;
A commercial property seller who needs a brokerage with the buyer relationships and the commercial marketing infrastructure to move a significant asset efficiently and at maximum value — including the dual-representation capability that Creegan Group Commercial has demonstrated at the $10,000,000 level;
An institutional or private equity buyer evaluating Central Florida commercial acquisitions in a market that CBRE has designated a top-10 U.S. industrial market with 7 to 9 percent projected rent growth in 2026 —
The conversation starts with Creegan Group Commercial.
📞 407.622.1111 🌐 www.CreeganGroup.com 📍 439 Lake Howell Road, Maitland, FL 32751
Ask for the Creegan Group Commercial Division.
Transaction information reflects current contract status as of the date of this publication. All property details, acreage, and specifications are believed accurate but are not warranted. Buyers and sellers are encouraged to independently verify all information. Creegan Group Commercial Division represents both the buyer and seller in the pending transaction at 4212 Hogshead Road, Apopka, FL 32703, operating as a transaction broker under Florida law.