EML Realty Partners, based in Jupiter, FL, announced the acquisition of Cape Canaveral Industrial Campus, which is comprised of three buildings totaling over 37,000 square feet.
The property, located at 250-270 W Central Ave, was purchased for $4,125,000, and is occupied by Patrick Industries, a public company that owns the brand Sea-Dek/Castaway Customs. Prior to Patrick Industries leasing the property, it was leased to Boeing Corporation for many years.
“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. “This industrial complex is very functional and can serve many different types of businesses, and it fits well with all the other EML properties in the treasure and space coast areas.”
EML Realty Partners specializes in the acquisition of opportunistic commercial real estate investments, specializing in value-add industrial all over the state of Florida. Prior to moving to Florida, EML Realty Partners was a very active and well-respected real estate firm in the Mid-Atlantic region.
Get the latest industry news and information from CRE-sources delivered right to your email inbox!
And we promise…no more than one email each morning.