EML Realty Acquires Cape Canaveral Industrial Campus
Aug 10, 2023
EML Realty Partners, based in Jupiter, FL, today announced the acquisition of Cape Canaveral Industrial Campus, made up of three buildings totaling over 37,000 square feet. The property, located at 250-270 W Central Ave, was purchased for $4,125,000, and is occupied by Patrick Industries, a public company that owns the brand Sea-Dek/Castaway Customs. Prior to Patrick Industries leasing the property, it was leased to Boeing Corporation for many years.
“This property offers significant upside as the Cape Canaveral port and space coast areas continue to develop around this property. Elon Musk and Jeff Bezos are investing billions in this space coast area and there is very limited supply of industrial properties around the port, said Eric M. Levitt, founder of EML Realty Partners. “This industrial complex is very functional and can serve many different types of businesses, and it fits well with all the other EML properties in the treasure and space coast areas.”
EML Realty Partners specializes in the acquisition of opportunistic commercial real estate investments, specializing in value-add industrial all over the state of Florida. Prior to moving to Florida, EML Realty Partners was a very active and well-respected real estate firm in the Mid-Atlantic region.
For more information, visit https://emlrealtypartners.com.
About EML Realty Partners
EML Realty Partners, LLC 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 in the state of Florida, with an industrial portfolio consisting of more than 30 properties with a value in excess of $600 million and over 2,000,000 square feet of leasable space.