The portfolio totals 895,958 square feet.
The property features a newly renovated, 14,056-square-foot warehouse with 12 drive-in doors, situated on an oversized lot with substantial frontage on Okeechobee (Route 27).
E-commerce continues to spur demand for well located, fully-secured trailer/fleet parking lot assets across South Florida.
Seagis plans to break ground by year’s end on a modern, new 117,790-square-foot industrial building that caters to today’s industrial users.
Seagis plans to break ground on a 51,100-square-foot, state-of-the-art, highly functional industrial facility to complete the approximately 200,000-square-foot industrial park.
This acquisition expands Seagis’ South Florida regional foothold to 112 logistics properties, totaling more than 6 million square feet of investment-grade industrial space.
Seagis paid $9.4 million for the 2.78-acre lot.
The company acquired 17 industrial buildings totaling approximately 760,000 square feet of space and 23 acres of developable land in 20 separate transactions.
Berger Commercial Realty/Corfac International Vice President Jonathan Thiel, Sales Associates Daniel Forman and Senior Vice President Keith R. Graves, CCIM, represented the landlord, Seagis Property Group LP, in executing thel leases.
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