EML Realty Partners Announces Sale Of Industrial Warehouse In Ft. Pierce

Jupiter, Florida-based EML Realty Partners announced the sale of 309 Angle Road in Fort Pierce for $4.9 million.

The 30,060 square foot Industrial warehouse on 4.2 acres offers manufacturing and distribution space, including 2,784 square feet of office space and approximately 4,522 square feet of climate-controlled workshop space. The warehouse is equipped with two 3-ton overhead cranes, four main 3-phase power lines, thirteen overhead doors, skylights, and a substantial fenced yard for outdoor storage.The building was purchased in August 2023 for $2.85 million.

“This building had its challenges after we bought it. Luckily we bought it at a great below replacement cost basis and were able to monetize it for a solid return in a short period of time,” said Eric Levitt, founder of EML Realty Partners. The tenant had to be evicted only after a few months of owning the asset, and after doing some renovations, we got our highest return by selling to a user.”

EML Realty Partners specializes in the acquisition of opportunistic commercial real estate investments with a high concentration of industrial properties throughout the state of Florida as well as creating value on these properties after they are acquired. Prior to moving to Florida, EML Realty Partners was a very active and well-respected real estate firm in the Mid-Atlantic region.