Florida State Board Of Administration Acquires Industrial Asset In San Carlos For $177M

An industrial property located at 1091 Industrial Road in San Carlos was recently sold for a price of $177,000,000. The property spans 174,000 square feet, resulting in a price per square foot of $1,017. The transaction took place on July 6, 2021, and involved the buyer, Florida State Board of Administration represented by Steve Spook, and the seller, Premia Capital and Prince Street Partners.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $177,000,000
• Address: 1091 Industrial Road, San Carlos
• Market: San Carlos
• Buyer: Florida State Board of Administration - Steve Spook
• Seller: Premia Capital & Prince Street Partners
• Square Footage: 174,000
• Price Per Square Foot: $1,017

Steve Spook from the Florida State Board of Administration played a crucial role in the transaction as the buyer's representative. On the other hand, Premia Capital and Prince Street Partners represented the seller. The sale took place in San Carlos, further boosting the industrial real estate market in the area.