Alterra Property Group Acquires Industrial Property In West Palm Beach For $15.8M

An industrial property located at 101 Benoist Farms Road in West Palm Beach has been sold for $15.8 million. The property spans across 11 acres and features a light manufacturing building as well as outdoor storage space. The transaction involved a total square footage of 32,231, with a price per square foot of $490.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $15,800,000
• Address: 101 Benoist Farms Road
• Market: West Palm Beach
• Acres: 11

The buyer in this transaction was Alterra Property Group. On the selling side, Kendall Industrial, which is associated with a major masonry manufacturer named Ronald Kendall, was the seller. The property was previously owned by Kendall Industrial before being acquired by Alterra Property Group for $15.8 million.

NOTE: This sale represents a significant acquisition for Alterra Property Group, expanding their industrial property portfolio in the West Palm Beach market.