EML Realty Partners Announces Acquisitions & Sales To Cap Off A Very Successful 2023
EML Realty Partners bought and sold over 15 properties in 2023 with a combined value of $60 million.
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EML Realty Partners bought and sold over 15 properties in 2023 with a combined value of $60 million.
Ferguson Plumbing Supply has been the tenant in both of these buildings since 2006. The purchase price of these buildings, around $50 per square foot, was less than the land value alone.
“This property offers significant upside as the Cape Canaveral port and space coast areas continue to develop around this property. Elon Musk and Jeff Bezos are investing billions in this space coast area and there is very limited supply of industrial properties around the port, said Eric M. Levitt, founder of EML Realty Partners.
Eric Levitt, founder of EML Realty Partners, Dan Flamholtz and David Berg, Principals of Greenspring Realty Partners, worked together as partners in Maryland before Eric moved full-time to Florida in 2016.
The buildings are located at 721 Industrial Drive in Wildwood.
The single tenant high tech facility totals more than 35,000 square feet and is situated on approximately 3.7 acres.
This is EML Realty Partner’s sixth acquisition in 2022, totaling $35 million in acquisitions this year.
EML Realty Partners owns two other PODS warehouse facilities in Port St. Lucie and Melbourne with institutional equity partner and private REIT Arctrust, totaling five PODS warehouse buildings on the east coast of Florida with a combined square footage of over 200,000 square feet of industrial space.
The three recent acquisitions total just under $20 million dollars.
In honor of the New Year, here are the most popular news headlines of 2023 on CRE-sources.