Redfearn Capital Acquires Two Industrial Assets For $15 Million
The acquisitions total 193,000 square feet.
The acquisitions total 193,000 square feet.
This is EML Realty Partner’s sixth acquisition in 2022, totaling $35 million in acquisitions this year.
The company will self-manage the property and two additional industrial properties it is acquiring this fall in Central Florida and on the Space Coast.
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.
José Lobón, Trey Barry, Frank Fallon and Royce Rose with CBRE Capital Markets, represented the seller with the assistance of CBRE’s David Murphy.
Kent Cooper, CCIM, a CFCAR past president, was awarded Deal of the Year and 17 other awards were presented.
Axiom Capital Corp. has structured and arranged a $6.1-million permanent loan (10-year, fixed rate, non-recourse) for the acquisition.
The property is situated on 19.3 acres about a quarter mile from Interstate 4.
Site-clearing work begins this week and anticipated delivery for the first building — the largest, which will measure nearly 1 million square feet — will be in January.
Andrew Jaworski, along with Associate Tarek Chbeir, had the exclusive listing to market the property on behalf of the seller. The buyer was also procured by Jaworski.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.