Redfearn Capital Acquires Delray Beach IOS Facility

Delray Beach-based Redfearn Capital, a private equity commercial real estate company that targets value add, distressed and opportunistic investment opportunities, acquired an Industrial Outdoor Storage (IOS) facility located at 1595 SW 4th Ave in Delray Beach.

The facility totals 13,790 square feet with almost 2 acres of outdoor storage. Built in 1985, the property is zoned for industrial outdoor storage. Redfearn Capital paid $4,510,000 to APS REAL ESTATE INC for the asset. The transaction closed March 30. Assurance Power Systems, a full-scale generator service provider, occupies the property.

Alexander Redfearn 500X500 0423“We are excited to expand our portfolio,” commented Alex Redfearn, Principal of Redfearn Capital. “We continue to target industrial assets at an attractive basis throughout Florida and the Southeast. The Delray Beach asset is our first Industrial Outdoor Storage (IOS) property in the RC portfolio, we’re excited to expand into that growing asset class.”




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