$1 Million sale
of a three-building industrial campus on 7.8 acres located off of U.S. Highway 5797 Lake Winona Rd.
Sean DuPree, CCIM,
broker at Lincoln Property Company, listed the property totaling 46,890 square feet, and
negotiated the transaction
representing the seller, Orlando-based developer Robert Rader c/o Kirkland Development.
Temme Berkstresser d/b/a Berky
Boats, purchased the property to use the largest building as a boat
manufacturing facility which was the properties previous use. The 22,090 square
foot building includes 2,250± square feet of office space.
The three buildings
constructed in 1986 and 1987 have excellent manufacturing facility features
including grade level and dock-high overhead doors, exhaust fans, excess land
for additional storage which is rare to find.
The two smaller buildings
each containing 12,400 rentable square feet are leased to AMB Sales and Central
Florida Car Haulers. One includes 2,250±
square feet of office space and the other is 100 percent warehouse. The buyer
will keep both leases in place.
Buyer saw
potential in the property due to the property’s previous boat manufacturing
use, excess land for growth and as a great investment due to the two tenants in
place, strong industrial market fueled by low vacancy rates and new residential/retail
in the West Volusia market, DuPree said.
* * *
About Lincoln Property
Company
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