Vital Pharmaceuticals Acquires Development Site In Pembroke Pines For $32.5M

Vital Pharmaceuticals, led by Jack Owoc, has acquired a development site located at 20421 Sheridan Street in Pembroke Pines. The property was sold by South Florida Distribution Center LLC, a partnership between Helms Development and Core5 Industrial Partners. The transaction took place on March 12, 2020, for a total price of $32,500,000. The development site spans 1,001,880 square feet, resulting in a price per square foot of $32.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $32,500,000
• Address: 20421 Sheridan Street, Pembroke Pines
• Market: Pembroke Pines
• Buyer: Vital Pharmaceuticals - Jack Owoc
• Seller: South Florida Distribution Center LLC (Helms Development & Core5 Industrial Partners)
• BSF: 1,001,880 square feet
• PPSF: $32

Jack Owoc, representing Vital Pharmaceuticals, led the acquisition of the development site from South Florida Distribution Center LLC. The seller was a collaboration between Helms Development and Core5 Industrial Partners. This strategic real estate deal emphasizes the significant investment made by Vital Pharmaceuticals in acquiring this prime development site in Pembroke Pines.