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EML REALTY PARTNERS ACQUIRES INDUSTRIAL BUILDING IN IMMOKALEE, FL

EML REALTY PARTNERS ACQUIRES INDUSTRIAL BUILDING IN IMMOKALEE, FL

EML Realty Partners, based in Jupiter, FL, announced the purchase of an industrial building in Immokalee, FL at 800 E Main Street. The 21,573 square foot property, fully occupied by Heritage Supply Group owned by SRS Distribution and Home Depot, was purchased for $2,800,000.The property is fully fenced and boasts a functional layout, complimented by bay doors located on both sides of the structure.

 

“We are excited to add this industrial property to the EML Portfolio, our 8th warehouse property with SRS Distribution as our tenant,” said Eric M. Levitt, founder of EML Realty Partners. “The “easy-in, easy-out” flow of this asset, and its 5+ acres of outdoor storage, are two of the most sought-after attributes for industrial tenants and the property’s below market short-term rent will create a value add opportunity in the near future.”

 

EML Realty Partners specializes in the acquisition of opportunistic commercial real estate investments with a high concentration of industrial properties throughout the state of Florida. Founded by Eric M. Levitt, EML Realty Partners specializes in creating value on these properties after they are acquired. Prior to moving to Florida, EML Realty Partners was a highly active and well-respected real estate firm in the Mid-Atlantic region.

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