EML Realty Partners Expands Florida Industrial Portfolio With Acquisition Of Six Industrial Outdoor Storage Facilities

EML Realty Partners announced the acquisition of a six-property industrial portfolio strategically located across Florida, further expanding the firm’s growing presence in one of the nation’s strongest industrial real estate markets.

The portfolio, purchased for $12,380,000, consists of approximately 77,450 square feet of industrial warehouse and industrial outdoor storage (IOS) facilities situated on more than 10.5 acres in Sanford, Gainesville, Lakeland, Ormond Beach, Fort Myers and Flagler Beach. The assets are 100% leased on a long-term, triple-net basis to Heritage Landscape Supply Group and SRS Distribution, providing durable cash flow through an institutional-quality tenant platform backed by The Home Depot.

“This acquisition reflects the disciplined investment approach that defines EML Realty Partners,” said Eric M. Levitt, Founder of EML Realty Partners. “We continue to target off-market industrial assets that combine exceptional locations, high-quality tenancy and meaningful long-term appreciation potential. As demand for well-located industrial outdoor storage properties continues to outpace supply, this portfolio represents a compelling opportunity to expand our footprint with assets that play an essential role in our tenant’s operations while creating lasting value for our investors.”

The acquisition includes the following properties:

• 300 Central Park Drive – Sanford
• 1250 NW 53rd Avenue – Gainesville
• 930 East Oak Street – Lakeland
• 1136 North U.S. Highway 1 – Ormond Beach
• 6300 Arc Way – Fort Myers
• 465 Roberts Road – Flagler Beach

Collectively, the properties feature low site coverage ratios that maximize industrial outdoor storage functionality—an increasingly scarce asset class driven by restrictive zoning, limited entitlement opportunities and rising replacement costs throughout Florida. Their strategic locations support distribution operations in several of the state’s fastest-growing metropolitan areas.

Heritage Landscape Supply Group, a subsidiary of SRS Distribution, operates one of the nation’s leading wholesale distribution networks serving professional landscape, irrigation and outdoor living contractors. Since becoming part of The Home Depot through its acquisition of SRS Distribution, the company has continued to expand aggressively throughout Florida, reinforcing the long-term importance of these facilities within its statewide distribution network.

“This portfolio aligns perfectly with our long-term investment philosophy,” Levitt added. “We believe Florida’s population growth, business migration and continued infrastructure investment will drive sustained demand for well-located industrial assets for years to come. We remain committed to identifying opportunities where strong real estate fundamentals and high-quality tenancy intersect.”

The transaction represents another milestone in EML Realty Partners’ strategy of building a diversified portfolio of institutional-quality industrial real estate throughout high-growth Sun Belt markets.