EML Realty Partners, based in Jupiter, FL, today announced the acquisition of 950 SE 11th Ave in Cape Coral, FL. The industrial building leased by ABC Supply and subleased by Hajoca, was purchased for $3,225,000 and totals 22,000 square feet.

“We are excited to have closed on our first property of 2024 and to be adding tenants ABC Supply and Hajoca to our portfilo of industrial properties,” said Eric M. Levitt, founder of EML Realty Partners. “This is an extremely functional building in a great location with A+ credit tenants at below market rent, which will create value add upside as the lease renews. We are looking forward to continuing our expansion on the West Coast of Florida and all over the state as weuncover off-market value add properties to add to our portfolio.”

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 very active and well-respected real estate firm in the Mid-Atlantic region.

About EML Realty Partners

EML Realty Partners, LLC (“EML”) is a commercial real estate investment firm specializing in the acquisition of opportunistic commercial real estate investments. EML also selectively invests in commercial real estate partnerships by providing capital to projects in the form of debt and equity. The EML portfolio is a diverse mix of industrial, flex, office, retail, and entertainment properties providing above market returns for their partners. The Florida portfolio consists of more than 40 properties with a value in excess of $500 million and over 1,000,000 square feet of leasable space.