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.
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.