Fisher Auction, C&W close $25.9M bulk sale

ORLANDO - Fisher Auction Company and Cushman & Wakefield announced the May 17 closing of a bulk sale condominium auction for 165 units at The Vue at Lake Eola for $25.9 million.

The entire portfolio of 165 units within the 375-unit development, along with a roughly 8,000sf retail space, was offered as a bulk-buy auction to the highest bidder. It was ultimately acquired by a foreign investor.

"The Vue at Lake Eola is a prize piece of real estate," said Lamar Fisher, president and CEO of Fisher Auction Company Inc. "Bidders had to submit a signed non-contingency contract of no less than $20 million just to be qualified to participate in the live auction. Our combined marketing efforts resulted in nine qualified bidders in the live auction."