EML Realty Partners, headquartered in Jupiter, FL, has announced the acquisition of an industrial outdoor storage facility located at 8456 Orange Ave, Fort Pierce, FL. This eight-acre property, encompassing 348,480 square feet, is fully leased to national tenants “The CDL Schools” and “Park My Fleet” and was acquired for $3,200,000. Situated in the St. Lucie County Submarket, a highly desirable industrial area in Southeast Florida, the facility is strategically positioned between the Florida Turnpike and I-95, offering convenient access for tenants. The property is fully fenced, paved, and illuminated, features public utilities, and provides excellent regional access for distribution and logistics operations.

“We are thrilled to incorporate this industrial property into the EML Portfolio, as industrial outdoor storage (IOS) properties are among the most sought-after asset classes for investors,” stated Eric M. Levitt, founder of EML Realty Partners. “Ft. Pierce is an excellent market for industrial real estate, and having national tenants at significantly below-market rents presents a promising investment opportunity. We anticipate substantial value addition as we adjust the rents to market levels.”

EML Realty Partners focuses on acquiring opportunistic commercial real estate investments, with a strong emphasis on industrial properties across Florida. Founded by Eric M. Levitt, the firm is dedicated to enhancing the value of these properties post-acquisition. Before relocating to Florida, EML Realty Partners was an active and esteemed real estate firm in the Mid-Atlantic region.