Acquisitions and Sales to Kick Off 2023
February 01, 2023
1470 Treeland Blvd Palm Bay, FL
1330/1350 Indiantown Road Jupiter, FL
Tequesta Financial Center Tequesta, FL
Based in Jupiter, FL, EML Realty Partners announced the acquisition of two new properties and the sale of an additional property in January.
EML purchased 1470 Treeland Blvd, SE, in Palm Bay, FL for $3,850,000. The single tenant high tech facility is more than 35,000 square feet on about 3.7 acres, and will be fully leased to Sollensys Corp, a publicly traded data management company.
EML also acquired 1330 & 1350 W. Indiantown Road in Jupiter, FL in an off-market deal. The two buildings, totaling approximately 20,000 square feet, were purchased for $3,500,000. The west building is occupied by long-term tenant Good Year Tire & Service, while the East building is occupied by Strategic Turbine Inventory Group, a privately held aviation supplier.
Additionally, EML Realty Partners completed the sale of Tequesta Financial Center in Tequesta, FL. The office building, comprised of 17,467 square feet, was sold for $4,150,000.
“We are extremely proud to be off to such a strong start in 2023 with the announcement of these January deals, especially given the current difficult market conditions we are all operating within,” said Eric M. Levitt, founder of EML Realty Partners. “We are hoping the momentum will continue, as we have several deals on the horizon. We look forward to continue to uncover off-market opportunities to add to EML Realty Partner’s growing portfolio.”
EML Realty Partners specializes in the acquisition of opportunistic commercial real estate investments, with a diverse portfolio of industrial, flex, office, retail, and entertainment properties. Founded by Eric M. Levitt, EML Realty Partners specializes in creating value on these properties after they are acquired.
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. EML specializes in creating the value needed on properties after the initial acquisition. The EML portfolio has a high concentration of industrial properties on the east coast of South Florida, where the company is now based. The South Florida portfolio consists of more than 30 properties with a value of approximately $500 million.
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