Cushman & Wakefield Negotiates $25.5M Sale Of Jensen Beach Small-Bay Portfolio

Cushman & Wakefield represented Infinity Ocean LLC in its $25.5 million sale of a 114,526-square-foot portfolio of small-bay industrial properties in Jensen Beach.

Cushman & Wakefield’s Greg Miller, Scott O’Donnell, Mike Ciadella, Dominic Montazemi and Miguel Alcivar represented the seller, a partnership of Decker Capital and Infinity Properties.

Located at 779-867 NE Dixie Highway in Jensen Beach, the portfolio includes 11 buildings of single-story, highly functional small-bay industrial with 150 grade-level loading doors. The portfolio, which was completely renovated in 2023, is 98% leased to a diverse array of 62 tenants.

Additionally, the development is located in the Rio Community Redevelopment Area (CRA), one of Martin County’s six designated CRAs, and stands to benefit from significant public and private investment. The CRA’s flagship $80 million redevelopment project, Rio Marine Village, is in its final stages of development approval and will revitalize the Dixie Highway corridor with new mixed-use projects, streetscape enhancements and infrastructure upgrades. This transformation is expected to bolster tenant demand and drive future rental growth for the Jensen Beach portfolio.

“With its high barriers to entry and prime location in a high-growth, affluent coastal market, this portfolio offered investors a compelling opportunity to acquire immediate scale in the industrial sector within Florida’s Treasure Coast,” said Miller. “The combination of strong market fundamentals, market-separating cross dock loading and value-add upside in a market with rapidly escalating rents yielded an exceptional investment opportunity with the Jensen Beach small-bay portfolio.”