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 industrial building, fully leased to Aramark, a Fortune 500 company with over 18 billion dollars in annual revenues, was purchased for $135 per square foot and has a new five year lease.
“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.”
The 61-acre site features building sizes ranging from 100,000-400,000 square feet, with approval for up to 700,000 square feet of industrial development.