The transaction involves the sale of an industrial property located at 11102 Northwest South River Drive in Medley. The asset, which serves as the SeaVee Boats headquarters, was sold for a price of $51,000,000. The property encompasses 186,731 square feet and is situated on 9.14 acres, with a price per square foot of $273. The building was completed in 2019.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $51,000,000
• Address: 11102 Northwest South River Drive
• Market: Medley
• Square Footage: 186,731 SF
• Price per Square Foot: $273
• Buyer: Matt Divito - Sagard Real Estate
• Brokers: Joel A. Kattan & Anthony Peragine - SVN

SVN Commercial Realty facilitated the transaction, with Joel Kattan, SIOR and Anthony Peragine representing the buyer, Sagard Real Estate. Notably, ten years prior, Kattan and Peragine brokered the land sale to SeaVee Boats, which later developed the headquarters now involved in this sale.