EML Realty Partners Announces Sale Of Warehouse At 3904 Selvitz Road In Fort Pierce
The 40,000 square foot property is situated on 3.5 acres.
The 40,000 square foot property is situated on 3.5 acres.
Positioned directly off the Dolphin Expressway (SR 836) near NW 137th Avenue, the site is fully entitled for both an inland port operation and up to 90,000 square feet of truck terminal build out— an opportunity that doesn’t exist anywhere else in the Tri-County area at this scale.
Foundry originally acquired the site for $8.75 million in 2022
Frito Lay will remain as a tenant for the time being but is planning to relocate to a larger facility in the near future.
The portfolio totals 138,979 square feet.
The facility totals 13,790 square feet with almost 2 acres of outdoor storage.
CBRE Executive Vice Presidents Larry Genet and Tom O’Loughlin represented the seller, New York-based Imperium Capital, in the transaction.
C.J. Easton and David Wilf, both acquisition principals with The Easton Group, sourced the deal.
Easton has submitted plans with the city to build a logistics-oriented facility.
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