“Both of these properties are a classic value add where current rents are below market, purchase price way below replacement cost, short-term leases and some capital improvements to maximize the increase in value,” added Levitt. “It is very hard to find value add industrial properties in Florida and we are looking forward to rolling up our sleeves to make this a great long-term investment.”
Bill Reichel with Reichel Realty & Investments handled the sale of all three properties for EML Realty Partners, which sold for a combined sales price of approximately $10 million.
The transactions total $7,650,000.
Claudia, who has spent most of her life in South Florida, is bi-lingual and has more than ten certificates of training with the Federal Emergency Management Agency.
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