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

The industrial property located at 101 North Benoist Farms Road in West Palm Beach has been sold for $15,800,000. The property spans over 11 acres and features 23,000 square feet of space with a clear height of 33 feet, making it a rare find in the South Florida market. The transaction was completed between the buyer, Alterra Property Group, and the seller, Kendall Industrial - Ron Kendall.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $15,800,000
• Square Footage: 23,000 SF
• Price Per Square Foot: $687
• Address: 101 North Benoist Farms Road, West Palm Beach
• Market: West Palm Beach

Guillermo de Nicolas from Panther Capital Group represented both the buyer and seller as the broker in this deal. The Panther Capital Group specializes in industrial, IOS, mobile home parks, and land development transactions. With a team of 10 brokers, they have extensive experience and a database of off-market deals. For more information, interested parties can contact Guillermo de Nicolas at [email protected] or [email protected].