Reich Brothers Acquires Industrial Property In Merritt Island For $27.7M

The industrial property located at 100 Sea Ray Drive in Merritt Island was sold in a closed transaction. The sale price was $27,700,000, matching the initial asking price. The asset spans 300,017 square feet, equating to a price per square foot of $92. The deal involved Reich Brothers as the buyer and Adam Arnott as the seller. Representing both parties was Jose Montero from The Hype Real Estate Group.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,700,000
• Address: 100 Sea Ray Drive
• Market: Merritt Island
• Buyer: Reich Brothers
• Seller: Adam Arnott
• Buyer & Seller's Rep: Jose Montero - The Hype Real Estate Group
• SF: 300,017
• PPSF: $92

Jose Montero, the representative from The Hype Real Estate Group, facilitated the transaction between the buyer and seller. For those interested in well-priced, off-market deals, it is recommended to contact Jose Montero directly at 305-323-2762 or via email at [email protected] to explore potential opportunities.