Cushman & Wakefield Arranges Sale Of Port St. Lucie Industrial Center
The buyer is a joint venture between East Capital Partners, Tramview Capital Management, and ABR Capital Partners.
The buyer is a joint venture between East Capital Partners, Tramview Capital Management, and ABR Capital Partners.
The small-bay light industrial buildings were 95% leased at the time of sale to 42 tenants.
The building is leased to a mix of 25 office and retail tenants.
The property last sold in 2017 for $ 1,480,000.
Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi and Miguel Alcivar of Cushman & Wakefield represented the seller in the transaction.
Miguel Alcivar, Wayne Ramoski, Dominic Montazemi, Scott O’Donnell, Mike Ciadella, and Greg Miller of Cushman & Wakefield arranged the sale on behalf of the seller.
C&W’s Greg Miller, Scott O’Donnell, Dominic Montazemi, Mike Ciadella, and Miguel Alcivar represented the seller and buyer in the transaction.
Mike Ciadella, Scott O’Donnell, and Dominic Montazemi of Cushman & Wakefield represented the seller in the transaction.
The sale includes an industrial property which includes a vacant 224,560-square-foot building and approximately 23.2 acres of land.
The final sale price equated to more than $202 psf.
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